OMC Financial Services LTD Grows Holdings in The Home Depot, Inc. (NYSE:HD)

OMC Financial Services LTD boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,117 shares of the home improvement retailer's stock after buying an additional 987 shares during the quarter. Home Depot makes up approximately 1.0% of OMC Financial Services LTD's portfolio, making the stock its 27th largest holding. OMC Financial Services LTD's holdings in Home Depot were worth $2,242,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV boosted its position in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Norges Bank bought a new position in Home Depot during the fourth quarter worth about $5,032,910,000. GAMMA Investing LLC boosted its position in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after purchasing an additional 10,210,851 shares during the period. Northern Trust Corp boosted its position 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 worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. Finally, Castlekeep Investment Advisors LLC bought a new position in Home Depot during the fourth quarter worth about $471,189,000. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HD. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. DA Davidson cut their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Trading Up 0.8%

HD traded up $2.93 on Wednesday, hitting $370.43. 3,373,090 shares of the company were exchanged, compared to its average volume of 3,433,967. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The firm has a fifty day simple moving average of $365.52 and a two-hundred day simple moving average of $375.92. The stock has a market capitalization of $368.55 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 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). The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $3.63 EPS. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was 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 insiders.

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.