TD Waterhouse Canada Inc. Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)

TD Waterhouse Canada Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,671 shares of the home improvement retailer's stock after selling 3,682 shares during the period. Home Depot makes up approximately 0.8% of TD Waterhouse Canada Inc.'s portfolio, making the stock its 29th biggest holding. TD Waterhouse Canada Inc.'s holdings in Home Depot were worth $103,013,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HD. POM Investment Strategies LLC boosted its holdings in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after acquiring an additional 24 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after acquiring an additional 24 shares during the last quarter. Marino Stram & Associates LLC boosted its holdings in Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after acquiring an additional 25 shares during the last quarter. Live Oak Private Wealth LLC lifted its position in shares of Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after purchasing an additional 25 shares during the period. Finally, Mezzasalma Advisors LLC increased its stake in shares of Home Depot by 4.0% in the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock valued at $255,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HD. Gordon Haskett downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Ten investment 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, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $434.08.

Home Depot Stock Performance

HD stock traded up $2.60 during midday trading on Wednesday, reaching $357.03. 3,282,704 shares of the company's stock traded hands, compared to its average volume of 3,469,995. 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 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 $354.90 billion, a P/E ratio of 24.25, a PEG ratio of 4.03 and a beta of 1.09. The stock's 50-day moving average is $366.92 and its 200 day moving average is $393.38.

Home Depot (NYSE:HD - Get Free Report) last announced its 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. 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 analysts' expectations of $39.15 billion. During the same period last year, the firm earned $2.82 EPS. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid 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 dividend on an annualized basis and a yield of 2.58%. Home Depot's dividend payout ratio (DPR) 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.