Bowen Hanes & Co. Inc. Has $81.25 Million Position in The Home Depot, Inc. (NYSE:HD)

Bowen Hanes & Co. Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 208,880 shares of the home improvement retailer's stock after selling 1,050 shares during the period. Home Depot accounts for 2.2% of Bowen Hanes & Co. Inc.'s portfolio, making the stock its 11th largest position. Bowen Hanes & Co. Inc.'s holdings in Home Depot were worth $81,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. K.J. Harrison & Partners Inc boosted its position in shares of Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after acquiring an additional 3,873 shares in the last quarter. Pensionfund Sabic grew its stake in Home Depot by 51.4% in the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after acquiring an additional 3,800 shares during the period. Swedbank AB increased its holdings in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of 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 acquiring an additional 1,506 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE:HD opened at $364.82 on Thursday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $362.39 billion, a P/E ratio of 24.78, a PEG ratio of 4.03 and a beta of 1.09. The stock has a 50 day simple moving average of $399.01 and a 200 day simple moving average of $399.78.

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Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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. The business 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%. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $2.82 earnings per share. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $2.30 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot's payout ratio is 61.66%.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Bank of America upped their price target 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. Wedbush reissued an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Evercore ISI boosted their price objective 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. Finally, Mizuho increased their target price on Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $436.50.

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.

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