Keybank National Association OH Sells 4,482 Shares of The Home Depot, Inc. (NYSE:HD)

Keybank National Association OH reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 421,368 shares of the home improvement retailer's stock after selling 4,482 shares during the quarter. Home Depot makes up about 0.6% of Keybank National Association OH's holdings, making the stock its 28th biggest holding. Keybank National Association OH's holdings in Home Depot were worth $163,908,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the 3rd quarter valued at about $41,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at about $41,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of HD stock traded down $8.14 on Tuesday, reaching $381.55. The company's stock had a trading volume of 4,383,596 shares, compared to its average volume of 3,308,175. The stock's fifty day simple moving average is $401.00 and its 200-day simple moving average is $399.71. 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 company has a market capitalization of $379.02 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

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 the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during 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 quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.41%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

Analyst Ratings Changes

Several brokerages recently commented on HD. Piper Sandler cut their price objective on shares of Home Depot from $455.00 to $435.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Mizuho raised their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada lowered their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.