Cohen Klingenstein LLC Has $6.22 Million Position in The Home Depot, Inc. (NYSE:HD)

Cohen Klingenstein LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 43.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the home improvement retailer's stock after selling 12,500 shares during the quarter. Cohen Klingenstein LLC's holdings in Home Depot were worth $6,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanibel Captiva Trust Company Inc. raised its stake in Home Depot by 0.9% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 250,382 shares of the home improvement retailer's stock valued at $97,396,000 after acquiring an additional 2,185 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of Home Depot by 13.2% in the fourth quarter. Howard Financial Services LTD. now owns 1,815 shares of the home improvement retailer's stock valued at $706,000 after purchasing an additional 211 shares during the period. Alhambra Investment Management LLC raised its stake in shares of Home Depot by 2.3% during the fourth quarter. Alhambra Investment Management LLC now owns 5,986 shares of the home improvement retailer's stock worth $2,328,000 after purchasing an additional 134 shares during the last quarter. Verity & Verity LLC lifted its holdings in shares of Home Depot by 28.4% during the fourth quarter. Verity & Verity LLC now owns 24,667 shares of the home improvement retailer's stock worth $9,595,000 after purchasing an additional 5,458 shares during the period. Finally, Trust Co of Kansas grew its position in Home Depot by 12.0% in the 4th quarter. Trust Co of Kansas now owns 1,318 shares of the home improvement retailer's stock valued at $513,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded up $0.09 on Monday, reaching $409.42. 3,194,517 shares of the company's stock were exchanged, compared to its average volume of 2,543,379. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business's 50-day moving average is $406.51 and its two-hundred day moving average is $388.20. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market capitalization 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping 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 in the prior year, the firm earned $3.81 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current 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 $2.25 dividend. 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 payout ratio is 61.14%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company's stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Sanford C. Bernstein began coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price target for the company. Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada upped their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research report on Monday, November 11th. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $426.00.

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.