Chiron Investment Management LLC Acquires New Position in The Home Depot, Inc. (NYSE:HD)

Chiron Investment Management LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,937 shares of the home improvement retailer’s stock, valued at approximately $2,406,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Fairway Wealth LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $33,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the third quarter valued at approximately $41,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot during the third quarter valued at approximately $46,000. Finally, Denver PWM LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $40,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 in the last three months. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of NYSE:HD opened at $422.57 on Wednesday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a fifty day moving average of $411.09 and a 200-day moving average of $376.09. The company has a market capitalization of $419.76 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Guggenheim increased their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Evercore ISI increased their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average 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.