The Home Depot, Inc. (NYSE:HD) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in The Home Depot, Inc. (NYSE:HD) by 0.3% in the 1st quarter, Holdings Channel reports. The fund owned 85,434 shares of the home improvement retailer’s stock after purchasing an additional 279 shares during the period. Home Depot makes up about 0.6% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 24th biggest position. Oregon Public Employees Retirement Fund’s holdings in Home Depot were worth $31,311,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Wealth Group Ltd. lifted its position in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after buying an additional 27 shares in the last quarter. Brighton Jones LLC lifted its position in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Snider Financial Group lifted its position in Home Depot by 90.7% during the 4th quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer’s stock worth $559,000 after acquiring an additional 683 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after acquiring an additional 565 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in Home Depot by 12.7% during the 4th quarter. Exencial Wealth Advisors LLC now owns 7,746 shares of the home improvement retailer’s stock worth $3,013,000 after acquiring an additional 875 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an “outperform” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Guggenheim reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

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 stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president 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. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $372.05 on Thursday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock’s 50-day moving average is $364.63 and its 200 day moving average is $376.86. The company has a market cap of $370.16 billion, a P/E ratio of 25.24, a PEG ratio of 3.55 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the company posted $3.63 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

About Home Depot

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.