CFM Wealth Partners LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

CFM Wealth Partners LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,490 shares of the home improvement retailer’s stock after buying an additional 795 shares during the quarter. Home Depot comprises about 1.2% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 22nd biggest holding. CFM Wealth Partners LLC’s holdings in Home Depot were worth $7,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. AMF Tjanstepension AB grew its position in Home Depot by 10.8% during the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares during the last quarter. Czech National Bank lifted its stake in shares of Home Depot by 7.0% in the third quarter. Czech National Bank now owns 202,002 shares of the home improvement retailer’s stock worth $81,851,000 after buying an additional 13,151 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Home Depot by 21.4% during the third quarter. GAMMA Investing LLC now owns 21,823 shares of the home improvement retailer’s stock valued at $8,842,000 after buying an additional 3,851 shares during the last quarter. WealthBridge Capital Management LLC increased its position in shares of Home Depot by 52.1% during the third quarter. WealthBridge Capital Management LLC now owns 1,469 shares of the home improvement retailer’s stock valued at $595,000 after acquiring an additional 503 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its holdings in Home Depot by 3.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 2,458 shares of the home improvement retailer’s stock worth $996,000 after acquiring an additional 86 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other 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 completion of the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % 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 three months. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of NYSE HD opened at $409.18 on Tuesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a fifty day moving average price of $407.86 and a 200-day moving average price of $392.76. The stock has a market cap of $406.46 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05.

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

Home Depot Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.