OMERS ADMINISTRATION Corp Sells 4,131 Shares of The Home Depot, Inc. (NYSE:HD)

OMERS ADMINISTRATION Corp lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,564 shares of the home improvement retailer's stock after selling 4,131 shares during the period. OMERS ADMINISTRATION Corp's holdings in Home Depot were worth $22,781,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HD. Norges Bank bought a new position in Home Depot during the fourth quarter valued at approximately $5,032,910,000. Raymond James Financial Inc. bought a new position in shares of Home Depot during the 4th quarter valued at $2,212,546,000. Proficio Capital Partners LLC boosted its stake in shares of Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after buying an additional 2,030,372 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in shares of Home Depot in the fourth quarter worth $471,189,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 3.7%

HD stock opened at $376.06 on Tuesday. The company has a market capitalization of $373.82 billion, a P/E ratio of 25.55, a PEG ratio of 4.03 and a beta of 1.05. The firm has a 50 day simple moving average of $358.02 and a 200-day simple moving average of $388.50. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.45%. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $470.00 to $410.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Gordon Haskett downgraded Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Wells Fargo & Company cut their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $430.32.

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.

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