Sompo Asset Management Co. Ltd. Has $7.02 Million Stake in The Home Depot, Inc. (NYSE:HD)

Sompo Asset Management Co. Ltd. boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,317 shares of the home improvement retailer's stock after acquiring an additional 2,540 shares during the quarter. Home Depot accounts for approximately 1.1% of Sompo Asset Management Co. Ltd.'s investment portfolio, making the stock its 24th biggest position. Sompo Asset Management Co. Ltd.'s holdings in Home Depot were worth $7,017,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. WFA Asset Management Corp raised its position in shares of Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer's stock worth $535,000 after acquiring an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer's stock worth $4,381,000 after buying an additional 623 shares during the last quarter. Kinloch Capital LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $246,000. Waverly Advisors LLC grew its position in shares of Home Depot by 26.7% in the 1st quarter. Waverly Advisors LLC now owns 47,025 shares of the home improvement retailer's stock valued at $18,039,000 after buying an additional 9,915 shares during the last quarter. Finally, Benchmark Investment Advisors LLC raised its stake in Home Depot by 8.0% during the 1st quarter. Benchmark Investment Advisors LLC now owns 2,643 shares of the home improvement retailer's stock worth $1,014,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. 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.

Home Depot Stock Performance

HD stock traded up $9.55 on Friday, reaching $420.00. The company's stock had a trading volume of 4,932,501 shares, compared to its average volume of 3,575,661. The Home Depot, Inc. has a 52 week low of $308.31 and a 52 week high of $421.56. 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 company has a market capitalization of $417.21 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The firm has a fifty day moving average of $403.23 and a two-hundred day moving average of $369.04.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased 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 note on Monday, November 11th. Wells Fargo & Company upped their price objective on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Finally, Barclays upped their price target on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. One equities research 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. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $426.00.

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.