Transce3nd LLC Takes $425,000 Position in The Home Depot, Inc. (NYSE:HD)

Transce3nd LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,093 shares of the home improvement retailer's stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Landing Point Financial Group LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $419,000. MML Investors Services LLC increased its holdings in Home Depot by 2.9% during the 4th quarter. MML Investors Services LLC now owns 281,218 shares of the home improvement retailer's stock worth $109,391,000 after purchasing an additional 7,972 shares during the period. MetLife Investment Management LLC raised its position in Home Depot by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 297,792 shares of the home improvement retailer's stock valued at $115,838,000 after purchasing an additional 3,880 shares in the last quarter. Norinchukin Bank The lifted its holdings in shares of Home Depot by 6.9% in the 4th quarter. Norinchukin Bank The now owns 55,514 shares of the home improvement retailer's stock worth $21,594,000 after buying an additional 3,605 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Home Depot by 24.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 109,195 shares of the home improvement retailer's stock worth $42,476,000 after buying an additional 21,604 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 2.6 %

Home Depot stock opened at $354.85 on Friday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. 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 company has a market capitalization of $352.73 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The stock has a 50-day moving average price of $369.30 and a 200 day moving average price of $394.20.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The firm 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 business's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. Home Depot's dividend payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HD shares. Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Robert W. Baird cut their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $434.08.

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.

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