Invesco LLC Sells 228 Shares of The Home Depot, Inc. (NYSE:HD)

Invesco LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,656 shares of the home improvement retailer’s stock after selling 228 shares during the quarter. Invesco LLC’s holdings in Home Depot were worth $1,267,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HD. Morgan Stanley boosted its holdings in shares of Home Depot by 10.0% in the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after buying an additional 1,698,402 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Home Depot by 1.3% in the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after buying an additional 153,141 shares during the last quarter. Norges Bank acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $3,740,875,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Home Depot by 105,205.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after buying an additional 10,984,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on HD shares. Wells Fargo & Company raised their price target on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Stifel Nicolaus raised their price target on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Citigroup raised their price target on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Telsey Advisory Group raised their price target on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a report on Monday, April 1st. Finally, Mizuho started coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $376.35.

Home Depot Price Performance

Home Depot stock opened at $337.93 on Tuesday. The stock’s 50 day moving average is $369.56 and its 200 day moving average is $338.82. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm has a market cap of $334.90 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.30 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

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.