Infusive Asset Management Inc. Grows Position in The Home Depot, Inc. (NYSE:HD)

Infusive Asset Management Inc. boosted its position in The Home Depot, Inc. (NYSE:HD) by 37.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,617 shares of the home improvement retailer’s stock after acquiring an additional 4,762 shares during the period. Home Depot accounts for approximately 3.0% of Infusive Asset Management Inc.’s portfolio, making the stock its 10th largest holding. Infusive Asset Management Inc.’s holdings in Home Depot were worth $7,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Home Depot during the first quarter worth about $430,000. Verity Asset Management Inc. bought a new position in shares of Home Depot during the first quarter valued at approximately $215,000. Soltis Investment Advisors LLC grew its stake in Home Depot by 6.8% in the first quarter. Soltis Investment Advisors LLC now owns 2,825 shares of the home improvement retailer’s stock worth $1,084,000 after purchasing an additional 179 shares during the period. Clear Rock Advisors LLC grew its stake in Home Depot by 1.0% in the first quarter. Clear Rock Advisors LLC now owns 7,802 shares of the home improvement retailer’s stock worth $2,993,000 after purchasing an additional 78 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Home Depot by 32.3% in the first quarter. EverSource Wealth Advisors LLC now owns 26,096 shares of the home improvement retailer’s stock worth $10,010,000 after acquiring an additional 6,371 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was 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 worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on HD. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Trading Down 0.0 %

Home Depot stock opened at $427.19 on Friday. The company’s fifty day simple moving average is $406.69 and its 200-day simple moving average is $371.20. 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 Home Depot, Inc. has a 12 month low of $308.59 and a 12 month high of $439.37. The stock has a market cap of $424.35 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.97 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its 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. 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 analyst estimates of $39.31 billion. During the same period in the prior year, the company posted $3.81 earnings per share. Home Depot’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.11%. Home Depot’s payout ratio is 61.14%.

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.