Coombe Bender & Co LLC Buys Shares of 609 The Home Depot, Inc. (NYSE:HD)

Coombe Bender & Co LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 609 shares of the home improvement retailer’s stock, valued at approximately $211,000.

Several other hedge funds also recently bought and sold shares of HD. 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 acquiring an additional 5,525,791 shares during the period. Jennison Associates LLC lifted its position 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 worth $1,506,659,000 after buying an additional 1,207,388 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Home Depot in the third quarter worth about $207,210,000. Envestnet Asset Management Inc. increased its position in Home Depot by 20.6% during 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 last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Home Depot by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after acquiring an additional 346,641 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated 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 in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HD shares. StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Mizuho initiated coverage on shares of Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Robert W. Baird restated an “outperform” rating and set a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. Bank of America lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, TD Cowen upped their price objective on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Price Performance

Shares of HD stock traded up $0.07 on Thursday, reaching $332.04. 869,137 shares of the company were exchanged, compared to its average volume of 3,312,162. The company has a market cap of $329.06 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.23 and a beta of 1.01. The business has a 50-day moving average price of $363.04 and a 200 day moving average price of $341.81. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.71%. Home Depot’s dividend payout ratio is currently 59.60%.

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.