Twin Capital Management Inc. Purchases 7,687 Shares of The Home Depot, Inc. (NYSE:HD)

Twin Capital Management Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 616.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,933 shares of the home improvement retailer’s stock after acquiring an additional 7,687 shares during the quarter. Twin Capital Management Inc.’s holdings in Home Depot were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Home Depot in the 4th quarter valued at approximately $3,740,875,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after purchasing an additional 10,984,516 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares during the last quarter. Imprint Wealth LLC raised its position in Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock valued at $241,323,000 after purchasing an additional 2,405,473 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Home Depot in the first quarter valued at about $563,524,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.0 %

NYSE HD opened at $332.89 on Friday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. 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 company has a market capitalization of $329.90 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The company’s fifty day moving average price is $367.92 and its two-hundred day moving average price is $338.97.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $3.30 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Mizuho started coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Oppenheimer lowered Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Bank of America upped their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Company upped their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Finally, Guggenheim reissued a “buy” rating and set a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s 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 sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.