The Home Depot, Inc. (NYSE:HD) Holdings Lowered by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,708 shares of the home improvement retailer's stock after selling 2,774 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Home Depot were worth $42,287,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Landing Point Financial Group LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $419,000. MML Investors Services LLC increased its stake in shares of Home Depot by 2.9% in the fourth quarter. MML Investors Services LLC now owns 281,218 shares of the home improvement retailer's stock worth $109,391,000 after buying an additional 7,972 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Home Depot by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 297,792 shares of the home improvement retailer's stock valued at $115,838,000 after acquiring an additional 3,880 shares in the last quarter. Norinchukin Bank The boosted its stake in Home Depot by 6.9% during the 4th quarter. Norinchukin Bank The now owns 55,514 shares of the home improvement retailer's stock valued at $21,594,000 after acquiring an additional 3,605 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Home Depot by 24.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 109,195 shares of the home improvement retailer's stock worth $42,476,000 after acquiring an additional 21,604 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Gordon Haskett downgraded Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Wells Fargo & Company upped their price target on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Price Performance

Shares of NYSE HD traded up $3.03 during mid-day trading on Thursday, reaching $359.45. 2,746,360 shares of the company traded hands, compared to its average volume of 3,467,116. The firm has a market cap of $357.30 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a fifty day simple moving average of $365.88 and a 200-day simple moving average of $393.13.

Home Depot (NYSE:HD - Get Free Report) last posted 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 the consensus estimate of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The company's quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, March 13th. Home Depot's payout ratio is presently 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.