The Home Depot, Inc. (NYSE:HD) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,589 shares of the home improvement retailer's stock after selling 1,437 shares during the period. Amica Mutual Insurance Co.'s holdings in Home Depot were worth $4,508,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SYM FINANCIAL Corp increased its position in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock worth $777,000 after purchasing an additional 289 shares during the period. Principal Financial Group Inc. grew its holdings in Home Depot by 10.7% during the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after acquiring an additional 141,915 shares during the period. United Bank raised its position in Home Depot by 4.2% in the third quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock worth $1,806,000 after acquiring an additional 181 shares in the last quarter. Algert Global LLC acquired a new position in shares of Home Depot during the 3rd quarter worth $649,000. Finally, Cadence Bank increased its holdings in Home Depot by 5.6% in the third quarter. Cadence Bank now owns 15,678 shares of the home improvement retailer's stock valued at $6,353,000 after buying an additional 836 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on HD shares. Robert W. Baird reduced their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Wedbush reiterated an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Nine equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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Home Depot Trading Down 1.3 %

Shares of Home Depot stock traded down $4.87 during trading hours on Friday, hitting $357.86. The company's stock had a trading volume of 2,979,134 shares, compared to its average volume of 3,449,521. The business has a fifty day moving average of $389.98 and a 200 day moving average of $398.80. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. 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 company has a market capitalization of $355.72 billion, a PE ratio of 24.31, a P/E/G ratio of 4.03 and a beta of 1.09.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.57%. Home Depot's dividend payout ratio (DPR) is 61.66%.

Home Depot Company Profile

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.