F M Investments LLC Takes $236,000 Position in The Home Depot, Inc. (NYSE:HD)

F M Investments LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 681 shares of the home improvement retailer’s stock, valued at approximately $236,000.

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp grew its position in Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after purchasing an additional 153,141 shares during the period. International Assets Investment Management LLC boosted its stake 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 worth $1,930,104,000 after buying an additional 5,525,791 shares during the last quarter. Jennison Associates LLC grew its holdings in Home Depot by 38.4% during the fourth 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. California Public Employees Retirement System raised its position in Home Depot by 11.3% during 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 in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Home Depot by 0.7% in the third quarter. Stifel Financial Corp now owns 2,483,454 shares of the home improvement retailer’s stock valued at $750,448,000 after acquiring an additional 17,224 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on HD shares. Evercore ISI dropped their price target on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Guggenheim restated a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. TD Cowen raised their price objective on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company boosted their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Stock Down 1.8 %

NYSE HD traded down $5.99 during trading hours on Wednesday, hitting $333.01. 3,814,664 shares of the company were exchanged, compared to its average volume of 3,342,426. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market cap of $330.02 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.24 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a 50 day moving average of $366.40 and a two-hundred day moving average of $340.51.

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

Home Depot Increases Dividend

The company also recently declared 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. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Buying and Selling at Home Depot

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

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.