The Home Depot, Inc. (NYSE:HD) Shares Bought by Renaissance Investment Group LLC

Renaissance Investment Group LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,195 shares of the home improvement retailer’s stock after purchasing an additional 134 shares during the period. Home Depot comprises 3.1% of Renaissance Investment Group LLC’s holdings, making the stock its 8th largest position. Renaissance Investment Group LLC’s holdings in Home Depot were worth $14,469,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Liberty One Investment Management LLC lifted its stake in Home Depot by 5.5% in the 4th quarter. Liberty One Investment Management LLC now owns 12,102 shares of the home improvement retailer’s stock valued at $4,708,000 after purchasing an additional 631 shares during the last quarter. Romano Brothers AND Company lifted its stake in Home Depot by 2.7% in the 4th quarter. Romano Brothers AND Company now owns 8,224 shares of the home improvement retailer’s stock valued at $3,199,000 after purchasing an additional 216 shares during the last quarter. Kelly Financial Services LLC raised its holdings in Home Depot by 3.9% in the 4th quarter. Kelly Financial Services LLC now owns 1,549 shares of the home improvement retailer’s stock valued at $603,000 after acquiring an additional 58 shares during the period. Cadinha & Co. LLC raised its holdings in Home Depot by 48.6% in the 4th quarter. Cadinha & Co. LLC now owns 69,897 shares of the home improvement retailer’s stock valued at $27,189,000 after acquiring an additional 22,847 shares during the period. Finally, Stillwater Capital Advisors LLC raised its holdings in Home Depot by 1.0% in the 4th quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer’s stock valued at $19,760,000 after acquiring an additional 497 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

HD stock opened at $409.42 on Tuesday. The firm has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. 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 Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company’s fifty day simple moving average is $406.51 and its 200 day simple moving average is $388.20.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued 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%.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Melius Research began coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Finally, Bank of America raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One research 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. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price 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.