Arizona State Retirement System decreased its holdings in Home Depot Inc (NYSE:HD) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,517 shares of the home improvement retailer’s stock after selling 55,190 shares during the quarter. Home Depot makes up about 0.5% of Arizona State Retirement System’s investment portfolio, making the stock its 22nd largest position. Arizona State Retirement System’s holdings in Home Depot were worth $42,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ironwood Financial llc grew its stake in shares of Home Depot by 39.5% during the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 81 shares during the period. Avondale Wealth Management grew its stake in shares of Home Depot by 52.4% during the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 120 shares during the period. Fusion Family Wealth LLC grew its stake in shares of Home Depot by 43.6% during the fourth quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock worth $70,000 after purchasing an additional 123 shares during the period. Horan Securities Inc. grew its stake in shares of Home Depot by 44.0% during the fourth quarter. Horan Securities Inc. now owns 540 shares of the home improvement retailer’s stock worth $97,000 after purchasing an additional 165 shares during the period. Finally, Highwater Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $124,000. Hedge funds and other institutional investors own 70.88% of the company’s stock.

In other news, EVP Edward P. Decker sold 23,744 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the sale, the executive vice president now directly owns 86,813 shares in the company, valued at $15,880,702.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 5,450 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the completion of the sale, the executive vice president now owns 51,030 shares in the company, valued at $9,423,710.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,194 shares of company stock worth $7,553,141. Corporate insiders own 0.25% of the company’s stock.

HD has been the topic of several recent analyst reports. Citigroup reduced their target price on Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Bank of America reiterated a “neutral” rating and set a $202.00 target price on shares of Home Depot in a report on Thursday, April 11th. Evercore ISI initiated coverage on Home Depot in a report on Wednesday, March 20th. They set an “outperform” rating and a $215.00 target price on the stock. Wedbush reduced their target price on Home Depot from $190.00 to $190.00 and set a “neutral” rating on the stock in a report on Wednesday, February 27th. Finally, Morgan Stanley lifted their target price on Home Depot from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Home Depot has a consensus rating of “Buy” and a consensus price target of $204.47.

Shares of Home Depot stock opened at $205.66 on Friday. The stock has a market capitalization of $227.03 billion, a PE ratio of 20.79, a PEG ratio of 1.78 and a beta of 1.09. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.11.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.09. The company had revenue of $26.49 billion for the quarter, compared to analyst estimates of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.69 earnings per share. Analysts predict that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.

Home Depot announced that its board has initiated a stock repurchase program on Tuesday, February 26th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Wednesday, March 13th. Home Depot’s payout ratio is 55.01%.

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Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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