ORG Wealth Partners LLC Purchases 4,246 Shares of The Home Depot, Inc. (NYSE:HD)

ORG Wealth Partners LLC boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 458.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,172 shares of the home improvement retailer's stock after acquiring an additional 4,246 shares during the quarter. Home Depot accounts for 0.6% of ORG Wealth Partners LLC's portfolio, making the stock its 25th largest position. ORG Wealth Partners LLC's holdings in Home Depot were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HD. Well Done LLC boosted its stake in shares of Home Depot by 9.6% during the 1st quarter. Well Done LLC now owns 2,686 shares of the home improvement retailer's stock worth $1,045,000 after buying an additional 236 shares during the last quarter. Sterling Investment Counsel LLC raised its holdings in shares of Home Depot by 139.4% in the 1st quarter. Sterling Investment Counsel LLC now owns 4,644 shares of the home improvement retailer's stock valued at $1,702,000 after purchasing an additional 2,704 shares during the period. Janney Capital Management LLC raised its holdings in shares of Home Depot by 26.6% in the 1st quarter. Janney Capital Management LLC now owns 36,508 shares of the home improvement retailer's stock valued at $13,380,000 after purchasing an additional 7,671 shares during the period. Harrell Investment Partners LLC grew its stake in Home Depot by 0.9% in the 1st quarter. Harrell Investment Partners LLC now owns 20,803 shares of the home improvement retailer's stock valued at $7,624,000 after buying an additional 180 shares during the last quarter. Finally, Centennial Wealth Advisory LLC grew its stake in Home Depot by 6.1% in the 1st quarter. Centennial Wealth Advisory LLC now owns 612 shares of the home improvement retailer's stock valued at $224,000 after buying an additional 35 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on HD shares. Gordon Haskett raised their target price on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. TD Securities lowered shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. DA Davidson cut their target price on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and raised their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada lowered their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Up 0.9%

Shares of HD traded up $3.18 during trading hours on Friday, hitting $350.21. The stock had a trading volume of 8,001,951 shares, compared to its average volume of 3,436,931. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $362.65 and a 200-day simple moving average of $380.08. The firm has a market capitalization of $348.44 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.63 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.63%. Home Depot's dividend payout ratio is presently 62.42%.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated 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 in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated 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 now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Company 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.