Iams Wealth Management LLC Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Iams Wealth Management LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 16.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,129 shares of the home improvement retailer's stock after purchasing an additional 856 shares during the quarter. Home Depot makes up approximately 1.0% of Iams Wealth Management LLC's portfolio, making the stock its 29th biggest holding. Iams Wealth Management LLC's holdings in Home Depot were worth $2,247,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HD. Vanguard Group Inc. lifted its holdings in Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after buying an additional 257,036 shares in the last quarter. Norges Bank purchased a new stake in shares of Home Depot in the fourth quarter worth about $5,032,910,000. Capital Research Global Investors boosted its position in shares of Home Depot by 5.5% in the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after acquiring an additional 647,552 shares during the period. Finally, Northern Trust Corp grew its stake in Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after acquiring an additional 1,424,857 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.9%

HD traded down $3.43 on Thursday, hitting $368.97. 2,320,479 shares of the company were exchanged, compared to its average volume of 3,408,067. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a fifty day simple moving average of $361.54 and a two-hundred day simple moving average of $385.28. The stock has a market capitalization of $367.10 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.93 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period last year, the company posted $3.63 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. Home Depot's payout ratio is presently 62.42%.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HD shares. Wells Fargo & Company decreased their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. DA Davidson dropped their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Finally, HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

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.