Trust Co. of Oklahoma Acquires 99 Shares of The Home Depot, Inc. (NYSE:HD)

Trust Co. of Oklahoma boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 7,711 shares of the home improvement retailer’s stock after buying an additional 99 shares during the period. Home Depot comprises about 1.0% of Trust Co. of Oklahoma’s portfolio, making the stock its 23rd biggest holding. Trust Co. of Oklahoma’s holdings in Home Depot were worth $2,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Home Depot in the 4th quarter worth approximately $4,311,070,000. International Assets Investment Management LLC increased its stake in Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after acquiring an additional 5,525,791 shares during the last quarter. Jennison Associates LLC increased its stake in Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after acquiring an additional 1,207,388 shares during the last quarter. Capital Research Global Investors increased its stake in Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Home Depot by 38.9% in the 4th quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock worth $613,258,000 after purchasing an additional 495,894 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.4 %

HD opened at $333.58 on Thursday. The firm has a market cap of $330.78 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.31 and a beta of 0.98. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a fifty day moving average price of $338.43 and a 200-day moving average price of $352.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period in the prior year, the company posted $3.82 EPS. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

A number of brokerages have recently commented on HD. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $352.00 to $395.00 in a report on Wednesday, June 26th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $378.42.

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.