OLD Dominion Capital Management Inc. Has $967,000 Position in Home Depot Inc (NYSE:HD)

OLD Dominion Capital Management Inc. raised its stake in shares of Home Depot Inc (NYSE:HD) by 8.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,178 shares of the home improvement retailer’s stock after buying an additional 390 shares during the period. OLD Dominion Capital Management Inc.’s holdings in Home Depot were worth $967,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Home Depot by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 16,765,579 shares of the home improvement retailer’s stock valued at $3,655,255,000 after buying an additional 586,305 shares during the period. Norges Bank acquired a new stake in shares of Home Depot in the 4th quarter valued at $2,558,090,000. Bank of New York Mellon Corp lifted its stake in shares of Home Depot by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 10,051,038 shares of the home improvement retailer’s stock valued at $1,876,628,000 after purchasing an additional 303,357 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Home Depot by 2.1% in the 4th quarter. Alliancebernstein L.P. now owns 8,914,267 shares of the home improvement retailer’s stock valued at $1,946,698,000 after purchasing an additional 179,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,569,932 shares of the home improvement retailer’s stock valued at $1,653,122,000 after purchasing an additional 399,725 shares during the last quarter. 69.67% of the stock is owned by institutional investors.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the transaction, the executive vice president now directly owns 54,405 shares in the company, valued at $12,840,668.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William G. Lennie sold 9,848 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the transaction, the executive vice president now owns 37,995 shares in the company, valued at $8,903,748.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Home Depot from $231.00 to $236.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. They noted that the move was a valuation call. Loop Capital lifted their target price on shares of Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Wells Fargo & Co lifted their target price on shares of Home Depot from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Gordon Haskett downgraded shares of Home Depot from an “accumulate” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Wedbush lifted their target price on shares of Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and an average target price of $251.03.

NYSE:HD traded up $2.14 on Thursday, reaching $249.50. The stock had a trading volume of 4,021,124 shares, compared to its average volume of 5,476,423. The company has a market capitalization of $260.45 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03. Home Depot Inc has a 1-year low of $140.63 and a 1-year high of $248.32. The stock has a fifty day moving average price of $220.05 and a 200-day moving average price of $219.64.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The firm had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. Home Depot’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. As a group, equities analysts anticipate that Home Depot Inc will post 9.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.40%. Home Depot’s payout ratio is 58.54%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Recommended Story: What are some reasons analysts would give stocks a buy rating?

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.