Tokio Marine Asset Management Co. Ltd. Grows Stake in The Home Depot, Inc. (NYSE:HD)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,145 shares of the home improvement retailer’s stock after purchasing an additional 918 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Home Depot were worth $7,674,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Keener Financial Planning LLC purchased a new stake in Home Depot in the 4th quarter worth about $31,000. PFG Private Wealth Management LLC boosted its stake in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC bought a new stake in Home Depot during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc purchased a new stake in shares of Home Depot in the third quarter worth $41,000. Finally, Quantbot Technologies LP bought a new position in Home Depot in the 3rd quarter worth about $64,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD traded down $6.11 during trading hours on Wednesday, hitting $332.89. The company’s stock had a trading volume of 4,027,485 shares, compared to its average volume of 3,358,525. The stock has a market cap of $329.90 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.24 and a beta of 0.98. The business’s 50-day moving average price is $365.90 and its 200-day moving average price is $340.46. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.30 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. Home Depot’s payout ratio is 59.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HD shares. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday. HSBC reissued a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research report on Wednesday, April 3rd. Telsey Advisory Group upped their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. Citigroup lifted their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, DA Davidson restated a “neutral” rating and set a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.