Sompo Asset Management Co. Ltd. Sells 740 Shares of The Home Depot, Inc. (NYSE:HD)

Sompo Asset Management Co. Ltd. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,577 shares of the home improvement retailer's stock after selling 740 shares during the quarter. Home Depot accounts for about 1.1% of Sompo Asset Management Co. Ltd.'s portfolio, making the stock its 20th biggest position. Sompo Asset Management Co. Ltd.'s holdings in Home Depot were worth $6,448,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Home Depot by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after buying an additional 875,836 shares during the period. Geode Capital Management LLC lifted its stake in Home Depot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after acquiring an additional 257,036 shares in the last quarter. Norges Bank bought a new position in shares of Home Depot during the 4th quarter worth approximately $5,032,910,000. Capital Research Global Investors raised its holdings in shares of Home Depot by 5.5% in the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after purchasing an additional 647,552 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Home Depot by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock worth $3,715,668,000 after purchasing an additional 125,441 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of HD stock traded down $2.02 on Friday, hitting $357.62. The company's stock had a trading volume of 2,810,233 shares, compared to its average volume of 3,460,972. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a market capitalization of $355.49 billion, a PE ratio of 24.29, a PEG ratio of 4.03 and a beta of 1.09. The stock's 50 day moving average is $364.88 and its 200-day moving average is $392.79. 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 announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (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 firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The business's revenue was up 14.1% compared to the same quarter last year. Equities research analysts expect 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 was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.57%. Home Depot's dividend payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HD. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Wells Fargo & Company lifted their target price on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Gordon Haskett downgraded Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $434.08.

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.