Oregon Public Employees Retirement Fund Trims Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Oregon Public Employees Retirement Fund trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,873 shares of the home improvement retailer’s stock after selling 2,186 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in The Home Depot were worth $22,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearview Wealth Advisors LLC purchased a new position in The Home Depot during the 4th quarter worth $249,000. S&CO Inc. purchased a new position in shares of The Home Depot in the 3rd quarter valued at $5,027,000. Venture Visionary Partners LLC raised its position in shares of The Home Depot by 99.2% in the 4th quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock worth $7,375,000 after acquiring an additional 13,825 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of The Home Depot by 14.0% during the 4th quarter. IFP Advisors Inc now owns 19,001 shares of the home improvement retailer’s stock worth $5,059,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Bouvel Investment Partners LLC bought a new stake in The Home Depot during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 68.71% of the company’s stock.

HD stock traded down $13.07 during mid-day trading on Tuesday, hitting $262.78. 315,988 shares of the company were exchanged, compared to its average volume of 3,636,138. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The firm has a market capitalization of $282.91 billion, a P/E ratio of 23.86, a PEG ratio of 2.13 and a beta of 1.03. The business has a fifty day simple moving average of $275.56 and a 200-day simple moving average of $275.77. The Home Depot, Inc. has a 12-month low of $140.63 and a 12-month high of $292.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th will be paid a $1.65 dividend. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.51%. The Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

HD has been the topic of a number of recent analyst reports. Guggenheim upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target on the stock in a report on Wednesday, January 13th. Telsey Advisory Group upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $300.00 to $315.00 in a research note on Monday, November 16th. Morgan Stanley boosted their price objective on shares of The Home Depot from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, December 4th. Piper Sandler boosted their price objective on shares of The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 18th. They noted that the move was a valuation call. Finally, Gordon Haskett upgraded shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price objective for the company in a research note on Thursday, November 12th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The Home Depot has an average rating of “Buy” and a consensus price target of $293.25.

The Home Depot 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 décor 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 The Home Depot (NYSE:HD)

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