GAM Holding AG Cuts Holdings in The Home Depot, Inc. (NYSE:HD)

GAM Holding AG reduced its position in The Home Depot, Inc. (NYSE:HD) by 42.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,132 shares of the home improvement retailer’s stock after selling 8,235 shares during the quarter. GAM Holding AG’s holdings in Home Depot were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in Home Depot in the second quarter valued at about $26,000. Fairfield Bush & CO. purchased a new position in Home Depot in the first quarter valued at about $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot during the first quarter valued at about $28,000. PFG Private Wealth Management LLC grew its stake in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Studio Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at about $32,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Citigroup lifted their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Telsey Advisory Group lifted their price target on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.35.

Home Depot Trading Down 0.6 %

NYSE HD opened at $357.65 on Friday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The stock has a market cap of $354.44 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.40 and a beta of 0.98. The firm’s 50 day moving average price is $370.26 and its two-hundred day moving average price is $336.28.

Home Depot (NYSE:HD) last posted its quarterly 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. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the company posted $3.30 EPS. Home Depot’s revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.38 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed 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 is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.52%. Home Depot’s payout ratio 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.