B. Metzler seel. Sohn & Co. AG Sells 29,681 Shares of The Home Depot, Inc. (NYSE:HD)

B. Metzler seel. Sohn & Co. AG decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,562 shares of the home improvement retailer's stock after selling 29,681 shares during the period. Home Depot makes up 0.8% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 27th largest holding. B. Metzler seel. Sohn & Co. AG's holdings in Home Depot were worth $76,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Seven Mile Advisory grew its position in Home Depot by 24.2% in the 4th quarter. Seven Mile Advisory now owns 1,667 shares of the home improvement retailer's stock worth $648,000 after purchasing an additional 325 shares during the last quarter. Summit Financial LLC lifted its stake in shares of Home Depot by 17.3% in the fourth quarter. Summit Financial LLC now owns 24,129 shares of the home improvement retailer's stock valued at $9,386,000 after buying an additional 3,555 shares during the period. Hoey Investments Inc. grew its position in Home Depot by 22.0% during the fourth quarter. Hoey Investments Inc. now owns 609 shares of the home improvement retailer's stock worth $237,000 after buying an additional 110 shares in the last quarter. Alliancebernstein L.P. increased its stake in Home Depot by 5.5% during the fourth quarter. Alliancebernstein L.P. now owns 9,052,091 shares of the home improvement retailer's stock valued at $3,521,173,000 after acquiring an additional 468,203 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Home Depot by 11.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 176,023 shares of the home improvement retailer's stock valued at $68,471,000 after acquiring an additional 17,615 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. Truist Financial decreased their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot 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. Finally, Robert W. Baird cut their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Trading Up 1.6 %

Shares of NYSE HD traded up $5.73 during midday trading on Wednesday, hitting $371.25. The stock had a trading volume of 3,168,296 shares, compared to its average volume of 3,446,508. The firm has a market cap of $369.03 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. 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 debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company's 50-day simple moving average is $388.06 and its 200 day simple moving average is $398.84.

Home Depot (NYSE:HD - Get Free Report) last announced 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 firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the company earned $2.82 earnings per share. The company's revenue was up 14.1% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. 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.