BOK Financial Private Wealth Inc. Sells 835 Shares of The Home Depot, Inc. (NYSE:HD)

BOK Financial Private Wealth Inc. reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,793 shares of the home improvement retailer's stock after selling 835 shares during the quarter. BOK Financial Private Wealth Inc.'s holdings in Home Depot were worth $697,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in HD. K.J. Harrison & Partners Inc raised its stake in Home Depot by 65.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after acquiring an additional 3,590 shares during the period. Pensionfund Sabic increased its holdings in shares of Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock worth $4,357,000 after buying an additional 3,800 shares during the last quarter. Swedbank AB lifted its stake in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Wedmont Private Capital boosted its stake in Home Depot by 12.5% in the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after buying an additional 1,506 shares in the last quarter. Finally, Johnson & White Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $1,793,000. Institutional investors and hedge funds own 70.86% of the company's stock.

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Home Depot Price Performance

Shares of HD traded down $5.08 during mid-day trading on Friday, hitting $376.66. 4,572,916 shares of the stock were exchanged, compared to its average volume of 3,351,697. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market cap of $374.16 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The firm has a 50-day moving average of $400.21 and a two-hundred day moving average of $400.02. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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 net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the prior year, the firm earned $2.82 EPS. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

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

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Bank of America upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Nine 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $436.50.

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.