Moment Partners LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Moment Partners LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,055 shares of the home improvement retailer’s stock, valued at approximately $410,000.

Several other institutional investors also recently bought and sold shares of HD. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Home Depot by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,690,570 shares of the home improvement retailer’s stock valued at $657,936,000 after acquiring an additional 134,453 shares in the last quarter. Tyler Stone Wealth Management boosted its position in Home Depot by 5.1% during the fourth quarter. Tyler Stone Wealth Management now owns 2,824 shares of the home improvement retailer’s stock valued at $1,099,000 after purchasing an additional 138 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Home Depot by 5.0% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 98,012 shares of the home improvement retailer’s stock valued at $38,126,000 after purchasing an additional 4,700 shares during the last quarter. Graney & King LLC bought a new position in Home Depot in the fourth quarter worth about $98,000. Finally, Borer Denton & Associates Inc. lifted its position in shares of Home Depot by 1.2% during the fourth quarter. Borer Denton & Associates Inc. now owns 34,336 shares of the home improvement retailer’s stock valued at $13,357,000 after buying an additional 394 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Robert W. Baird reduced their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

Home Depot Stock Performance

Shares of NYSE HD opened at $362.01 on Thursday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year 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 fifty day moving average price is $391.94 and its 200 day moving average price is $398.90. The company has a market capitalization of $359.61 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 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 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot’s payout ratio is 61.66%.

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.