Cassia Capital Partners LLC Has $1.01 Million Stake in The Home Depot, Inc. (NYSE:HD)

Cassia Capital Partners LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 32.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,605 shares of the home improvement retailer’s stock after buying an additional 632 shares during the period. Cassia Capital Partners LLC’s holdings in Home Depot were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Greenwood Capital Associates LLC raised its position in shares of Home Depot by 2,439.1% in the fourth quarter. Greenwood Capital Associates LLC now owns 23,284 shares of the home improvement retailer’s stock valued at $9,057,000 after buying an additional 22,367 shares in the last quarter. E. Ohman J or Asset Management AB raised its position in shares of Home Depot by 11.9% in the fourth quarter. E. Ohman J or Asset Management AB now owns 45,080 shares of the home improvement retailer’s stock valued at $17,536,000 after buying an additional 4,780 shares in the last quarter. James J. Burns & Company LLC raised its position in shares of Home Depot by 3.3% in the fourth quarter. James J. Burns & Company LLC now owns 7,900 shares of the home improvement retailer’s stock valued at $3,073,000 after buying an additional 251 shares in the last quarter. Mather Group LLC. boosted its position in shares of Home Depot by 3.7% during the 4th quarter. Mather Group LLC. now owns 17,033 shares of the home improvement retailer’s stock worth $6,626,000 after acquiring an additional 601 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its position in shares of Home Depot by 11.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,564 shares of the home improvement retailer’s stock worth $608,000 after acquiring an additional 155 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.6 %

Shares of NYSE HD opened at $414.04 on Thursday. The company has a market capitalization of $411.29 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company’s 50 day moving average price is $407.11 and its 200-day moving average price is $393.41.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.81 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. Bank of America increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company increased their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Company 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.