Commerce Bank Sells 7,520 Shares of The Home Depot, Inc. (NYSE:HD)

Commerce Bank reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,079 shares of the home improvement retailer's stock after selling 7,520 shares during the quarter. Commerce Bank's holdings in Home Depot were worth $88,331,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HD. Synergy Asset Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC bought a new stake in Home Depot in the fourth quarter worth approximately $41,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 2.4 %

NYSE HD traded up $8.22 on Tuesday, reaching $355.12. The company had a trading volume of 887,336 shares, compared to its average volume of 3,462,881. 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market cap of $353.00 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 4.03 and a beta of 1.09. The stock's 50 day moving average is $368.09 and its 200-day moving average is $393.65.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating 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 last year, the company posted $2.82 EPS. Home Depot's revenue for the quarter was up 14.1% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.59%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty 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 currently has an average rating of "Moderate Buy" and an average price target of $434.08.

Home Depot 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.