E. Ohman J or Asset Management AB Acquires 4,780 Shares of The Home Depot, Inc. (NYSE:HD)

E. Ohman J or Asset Management AB grew its holdings in The Home Depot, Inc. (NYSE:HD) by 11.9% during the 4th quarter, Holdings Channel reports. The firm owned 45,080 shares of the home improvement retailer’s stock after purchasing an additional 4,780 shares during the period. E. Ohman J or Asset Management AB’s holdings in Home Depot were worth $17,536,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. James J. Burns & Company LLC boosted its stake in shares of Home Depot by 3.3% in the 4th quarter. James J. Burns & Company LLC now owns 7,900 shares of the home improvement retailer’s stock valued at $3,073,000 after purchasing an additional 251 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Home Depot by 3.7% in the 4th quarter. Mather Group LLC. now owns 17,033 shares of the home improvement retailer’s stock valued at $6,626,000 after purchasing an additional 601 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in Home Depot by 11.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,564 shares of the home improvement retailer’s stock worth $608,000 after acquiring an additional 155 shares during the last quarter. Robbins Farley boosted its stake in Home Depot by 1.4% during the 4th quarter. Robbins Farley now owns 14,629 shares of the home improvement retailer’s stock worth $5,691,000 after acquiring an additional 199 shares during the last quarter. Finally, Commonwealth Financial Services LLC boosted its stake in Home Depot by 6.4% during the 4th quarter. Commonwealth Financial Services LLC now owns 1,839 shares of the home improvement retailer’s stock worth $715,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HD. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of HD opened at $414.04 on Thursday. The company has a market cap of $411.29 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company’s fifty day simple moving average is $407.11 and its 200 day simple moving average is $393.41. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the company earned $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Home Depot Company Profile

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.