The Home Depot, Inc. (NYSE:HD) Shares Acquired by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,959 shares of the home improvement retailer’s stock after purchasing an additional 85 shares during the quarter. Home Depot makes up approximately 2.1% of Cohen Investment Advisors LLC’s holdings, making the stock its 15th largest position. Cohen Investment Advisors LLC’s holdings in Home Depot were worth $3,485,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Cowa LLC raised its holdings in shares of Home Depot by 2.3% during the second quarter. Cowa LLC now owns 2,630 shares of the home improvement retailer’s stock valued at $905,000 after buying an additional 60 shares during the last quarter. Intech Investment Management LLC raised its stake in Home Depot by 19.3% during the 2nd quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock valued at $13,121,000 after acquiring an additional 6,163 shares in the last quarter. Brighton Jones LLC raised its stake in Home Depot by 3.4% during the 2nd quarter. Brighton Jones LLC now owns 23,069 shares of the home improvement retailer’s stock valued at $7,941,000 after acquiring an additional 748 shares in the last quarter. EMG Holdings L.P. grew its stake in shares of Home Depot by 205.0% in the second quarter. EMG Holdings L.P. now owns 15,750 shares of the home improvement retailer’s stock worth $5,422,000 after purchasing an additional 30,750 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of Home Depot by 10.6% during the second quarter. Ieq Capital LLC now owns 83,761 shares of the home improvement retailer’s stock valued at $28,834,000 after purchasing an additional 8,036 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction 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. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. Mizuho raised their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Finally, Oppenheimer raised their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

HD opened at $409.42 on Friday. The stock has a fifty day moving average price of $406.44 and a 200 day moving average price of $386.94. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

About Home Depot

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.