The Home Depot, Inc. (NYSE:HD) Shares Bought by CFM Wealth Partners LLC

CFM Wealth Partners LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,619 shares of the home improvement retailer’s stock after acquiring an additional 1,281 shares during the period. Home Depot accounts for approximately 1.3% of CFM Wealth Partners LLC’s holdings, making the stock its 19th biggest position. CFM Wealth Partners LLC’s holdings in Home Depot were worth $6,375,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HD. Capital Research Global Investors lifted its stake in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock valued at $4,540,197,000 after acquiring an additional 347,614 shares during the period. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $4,311,070,000. Fisher Asset Management LLC raised its holdings in shares of Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after acquiring an additional 195,670 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Home Depot by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after acquiring an additional 82,672 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of NYSE HD traded up $3.44 during trading hours on Wednesday, hitting $341.76. 3,363,752 shares of the stock were exchanged, compared to its average volume of 3,447,625. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company’s 50 day moving average is $337.98 and its 200 day moving average is $352.67. The firm has a market capitalization of $338.89 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.34 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the firm earned $3.82 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. HSBC cut their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. UBS Group cut their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Guggenheim reiterated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.