Cassia Capital Partners LLC Acquires 632 Shares of The Home Depot, Inc. (NYSE:HD)

Cassia Capital Partners LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 32.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,605 shares of the home improvement retailer’s stock after purchasing an additional 632 shares during the period. Cassia Capital Partners LLC’s holdings in Home Depot were worth $1,013,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HD. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter worth $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the third quarter worth $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter worth $41,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the third quarter worth $46,000. Finally, Finley Financial LLC bought a new stake in shares of Home Depot during the fourth quarter worth $59,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.6 %

NYSE:HD opened at $414.04 on Thursday. The firm has a market capitalization of $411.29 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock’s 50 day moving average price is $407.11 and its two-hundred day moving average price is $393.41. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot’s payout ratio is 61.14%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Wells Fargo & Company raised their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Mizuho raised their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.