MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 14,609 Shares of The Home Depot, Inc. (NYSE:HD)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in The Home Depot, Inc. (NYSE:HD) by 66.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,686 shares of the home improvement retailer’s stock after purchasing an additional 14,609 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Home Depot were worth $14,073,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Bare Financial Services Inc acquired a new position in shares of Home Depot during the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC lifted its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot during the fourth quarter worth $35,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $334.97 on Wednesday. The company’s 50 day moving average is $338.51 and its 200-day moving average is $352.69. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a market cap of $332.16 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the firm posted $3.82 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.69%. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on HD shares. TD Cowen lowered their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. UBS Group lowered their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Guggenheim restated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Finally, Mizuho initiated coverage on shares of Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $378.42.

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.