OMC Financial Services LTD Takes $1.38 Million Position in The Home Depot, Inc. (NYSE:HD)

OMC Financial Services LTD acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,608 shares of the home improvement retailer’s stock, valued at approximately $1,384,000. Home Depot makes up approximately 0.7% of OMC Financial Services LTD’s holdings, making the stock its 28th largest position.

A number of other large investors have also added to or reduced their stakes in HD. Capital Research Global Investors increased its position in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares during the period. Norges Bank purchased a new position in shares of Home Depot in the fourth quarter worth approximately $4,311,070,000. Fisher Asset Management LLC grew its position in Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after buying an additional 195,670 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after buying an additional 971,833 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. Wells Fargo & Company dropped their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. Citigroup lowered their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. HSBC reduced their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.40.

Home Depot Trading Down 0.9 %

Shares of NYSE:HD traded down $3.15 during trading on Friday, reaching $355.43. The stock had a trading volume of 3,764,790 shares, compared to its average volume of 3,182,945. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a market cap of $352.45 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 2.48 and a beta of 0.98. The firm’s fifty day moving average is $346.18 and its 200 day moving average is $353.49. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given 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 dividend yield of 2.53%. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by corporate 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.