Menora Mivtachim Holdings LTD. Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Menora Mivtachim Holdings LTD. reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 654,232 shares of the home improvement retailer's stock after selling 124,948 shares during the period. Home Depot makes up about 1.6% of Menora Mivtachim Holdings LTD.'s holdings, making the stock its 20th largest holding. Menora Mivtachim Holdings LTD. owned 0.07% of Home Depot worth $254,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $32,000. Sellwood Investment Partners LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $39,000. Finally, NewSquare Capital LLC lifted its holdings in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on HD shares. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Robert W. Baird cut their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Piper Sandler reduced their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Ten research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $434.08.

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Home Depot Price Performance

NYSE HD traded up $3.75 during trading hours on Tuesday, reaching $360.95. The company's stock had a trading volume of 188,939 shares, compared to its average volume of 3,474,470. The company has a market capitalization of $358.80 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 4.03 and a beta of 1.09. 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 1 year low of $323.77 and a 1 year high of $439.37. The firm's 50-day moving average price is $374.14 and its 200-day moving average price is $395.67.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the company earned $2.82 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed 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. This represents a $9.20 annualized dividend and a yield of 2.55%. 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.