The Home Depot, Inc. (NYSE:HD) Shares Purchased by Silver Oak Advisory Group Inc.

Silver Oak Advisory Group Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 15.8% during the first quarter, Holdings Channel reports. The firm owned 682 shares of the home improvement retailer’s stock after purchasing an additional 93 shares during the period. Silver Oak Advisory Group Inc.’s holdings in Home Depot were worth $249,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Home Depot by 36.5% in the fourth 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 in the last quarter. Bank Pictet & Cie Europe AG boosted 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 purchasing an additional 565 shares during the period. FIL Ltd increased its holdings in Home Depot by 14.3% in the 4th quarter. FIL Ltd now owns 120,618 shares of the home improvement retailer’s stock valued at $46,919,000 after purchasing an additional 15,075 shares in the last quarter. TRUE Private Wealth Advisors raised its position in Home Depot by 4.6% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,341 shares of the home improvement retailer’s stock valued at $522,000 after purchasing an additional 59 shares during the period. Finally, Fortune 45 LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $201,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale 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 the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.4%

Shares of NYSE HD opened at $387.13 on Thursday. The company has a market cap of $385.17 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00. The stock’s 50 day simple moving average is $366.89 and its 200 day simple moving average is $372.90. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (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 for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the firm posted $3.63 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s payout ratio is 62.42%.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Royal Bank Of Canada decreased 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. Stifel Nicolaus upgraded Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Monday, June 30th. Mizuho reduced their target price on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty 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.

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.