Foresters Investment Management Company Inc. lowered its position in Home Depot Inc (NYSE:HD) by 45.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,920 shares of the home improvement retailer’s stock after selling 75,450 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Home Depot were worth $15,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Portfolio Solutions LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $26,000. Virtus ETF Advisers LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $32,000. Enlightenment Research LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $34,000. Private Ocean LLC lifted its position in shares of Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares during the last quarter. Finally, Ironwood Financial llc lifted its position in shares of Home Depot by 39.5% during the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 69.43% of the company’s stock.

Several equities analysts recently weighed in on HD shares. Citigroup cut their price objective on Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Robert W. Baird reissued a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. DZ Bank cut Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Edward Jones raised Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, Wells Fargo & Co boosted their price objective on Home Depot from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $205.29.

In related news, EVP Teresa Wynn Roseborough sold 8,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the sale, the executive vice president now directly owns 13,357 shares in the company, valued at approximately $2,596,333.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the sale, the executive vice president now owns 64,575 shares in the company, valued at $12,482,347.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,834 shares of company stock worth $9,146,733. 0.27% of the stock is owned by corporate insiders.

HD stock opened at $198.94 on Thursday. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $215.43. The company has a market capitalization of $217.09 billion, a PE ratio of 20.12, a P/E/G ratio of 1.82 and a beta of 1.10. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.26 and a current ratio of 1.04.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company had revenue of $26.38 billion for the quarter, compared to analyst estimates of $26.34 billion. During the same period in the prior year, the company posted $2.08 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that Home Depot Inc will post 10.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $5.44 dividend on an annualized basis and a yield of 2.73%. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.

Home Depot announced that its board has approved a share buyback program on Tuesday, February 26th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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