LGT Group Foundation Has $47.72 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

LGT Group Foundation trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,375 shares of the home improvement retailer’s stock after selling 19,527 shares during the period. Home Depot comprises approximately 1.1% of LGT Group Foundation’s portfolio, making the stock its 20th biggest holding. LGT Group Foundation’s holdings in Home Depot were worth $47,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp grew its position in Home Depot by 1.3% during the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after buying an additional 153,141 shares in the last quarter. International Assets Investment Management LLC raised its position in Home Depot by 12,647.4% in 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 purchasing an additional 5,525,791 shares during the last quarter. Jennison Associates LLC grew its holdings in Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after acquiring an additional 1,207,388 shares during the period. California Public Employees Retirement System grew its holdings in Home Depot by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after acquiring an additional 346,641 shares during the period. Finally, Stifel Financial Corp grew its holdings in Home Depot by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 2,483,454 shares of the home improvement retailer’s stock worth $750,448,000 after acquiring an additional 17,224 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HD. Stifel Nicolaus boosted their price target on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, Mizuho began coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Stock Up 0.3 %

Shares of NYSE:HD traded up $0.83 during midday trading on Thursday, reaching $332.80. The company’s stock had a trading volume of 667,957 shares, compared to its average volume of 3,308,742. The firm has a 50 day moving average of $363.04 and a 200-day moving average of $341.81. The firm has a market capitalization of $329.81 billion, a P/E ratio of 22.05, a PEG ratio of 2.23 and a beta of 1.01. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company had revenue of $34.79 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

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