The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cumberland Partners Ltd

Cumberland Partners Ltd boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,723 shares of the home improvement retailer’s stock after purchasing an additional 3,325 shares during the quarter. Home Depot comprises approximately 1.4% of Cumberland Partners Ltd’s portfolio, making the stock its 23rd biggest position. Cumberland Partners Ltd’s holdings in Home Depot were worth $15,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 12,647.4% in 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 period. Jennison Associates LLC boosted its holdings in shares of Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after acquiring an additional 1,207,388 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Home Depot in the third quarter valued at approximately $207,210,000. Envestnet Asset Management Inc. boosted its holdings in shares of Home Depot by 20.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after acquiring an additional 421,619 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Home Depot by 11.3% in the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after acquiring an additional 346,641 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD stock traded down $6.52 during mid-day trading on Wednesday, reaching $332.48. The stock had a trading volume of 2,612,580 shares, compared to its average volume of 3,340,436. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a market cap of $329.49 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The business has a 50-day simple moving average of $366.40 and a 200 day simple moving average of $340.51. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.30 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.71%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was 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 owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value 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 approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Telsey Advisory Group increased their price target on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. DA Davidson reaffirmed a “neutral” rating and set a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. Citigroup increased their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Wells Fargo & Company increased their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

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.