Caisse Des Depots ET Consignations Invests $9.25 Million in The Home Depot, Inc. (NYSE:HD)

Caisse Des Depots ET Consignations purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,771 shares of the home improvement retailer’s stock, valued at approximately $9,247,000.

Several other hedge funds have also added to or reduced their stakes in the business. Blair William & Co. IL boosted its holdings in shares of Home Depot by 0.4% during the 4th quarter. Blair William & Co. IL now owns 755,641 shares of the home improvement retailer’s stock worth $293,937,000 after buying an additional 2,716 shares during the period. LM Advisors LLC boosted its holdings in shares of Home Depot by 111.6% during the fourth quarter. LM Advisors LLC now owns 5,095 shares of the home improvement retailer’s stock worth $1,982,000 after acquiring an additional 2,687 shares during the period. Homestead Advisers Corp grew its position in shares of Home Depot by 3.8% in the fourth quarter. Homestead Advisers Corp now owns 144,672 shares of the home improvement retailer’s stock valued at $56,276,000 after purchasing an additional 5,300 shares during the last quarter. AssuredPartners Investment Advisors LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $1,981,000. Finally, NEOS Investment Management LLC lifted its holdings in Home Depot by 29.9% during the 4th quarter. NEOS Investment Management LLC now owns 54,014 shares of the home improvement retailer’s stock worth $21,011,000 after purchasing an additional 12,428 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

HD opened at $362.01 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a market cap of $359.61 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 4.03 and a beta of 1.09. The company’s fifty day moving average price is $391.94 and its two-hundred day moving average price is $398.90.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $2.82 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Robert W. Baird lowered their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, KGI Securities upgraded Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

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.