AMF Tjanstepension AB Has $141.03 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

AMF Tjanstepension AB grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 53.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 367,507 shares of the home improvement retailer’s stock after acquiring an additional 127,770 shares during the period. Home Depot comprises 1.1% of AMF Tjanstepension AB’s holdings, making the stock its 24th largest holding. AMF Tjanstepension AB’s holdings in Home Depot were worth $141,025,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter worth $4,311,070,000. International Assets Investment Management LLC boosted its position in Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring 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. Capital Research Global Investors grew its holdings in Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Home Depot by 38.9% in the 4th quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock worth $613,258,000 after acquiring an additional 495,894 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HD shares. Evercore ISI raised their target price on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Finally, HSBC decreased their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD traded up $2.85 on Friday, hitting $344.34. The company’s stock had a trading volume of 6,343,987 shares, compared to its average volume of 3,465,830. The firm has a market cap of $341.45 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company’s 50 day simple moving average is $338.51 and its 200-day simple moving average is $352.60.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.82 EPS. Analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.61%. Home Depot’s dividend payout ratio is presently 60.36%.

Home Depot 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.