AMF Tjanstepension AB Sells 13,020 Shares of The Home Depot, Inc. (NYSE:HD)

AMF Tjanstepension AB lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 157,985 shares of the home improvement retailer's stock after selling 13,020 shares during the quarter. AMF Tjanstepension AB's holdings in Home Depot were worth $61,484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. POM Investment Strategies LLC grew its position in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after buying an additional 24 shares during the last quarter. Center for Financial Planning Inc. grew its position in shares of Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after buying an additional 24 shares during the last quarter. Insight Inv LLC grew its position in shares of Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock valued at $505,000 after buying an additional 25 shares during the last quarter. Marino Stram & Associates LLC grew its position in shares of Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after buying an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC grew its position in shares of Home Depot by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HD shares. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Evercore ISI upped their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Truist Financial reduced their price target on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Robert W. Baird reduced their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $436.50.

Home Depot Trading Down 1.3 %

Shares of HD stock traded down $5.08 during trading hours on Friday, reaching $376.66. 4,572,916 shares of the stock traded hands, compared to its average volume of 3,351,697. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a fifty day moving average price of $400.21 and a 200 day moving average price of $399.81. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $374.16 billion, a PE ratio of 25.59, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is currently 61.66%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.