Orrstown Financial Services Inc. buys 30 shares of The Home Depot, Inc. (NYSE:HD)

Orrstown Financial Services Inc. grew his position in The Home Depot, Inc. (NYSE:HD – Free Report) rose 1.2% during the first quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,511 shares of the home improvement retailer after acquiring an additional 30 shares during the quarter. The interests of Orrstown Financial Services Inc. in Home Depot were worth $963,000 as of the most recent filing with the Securities and Exchange Commission (SEC).

Several other major investors have also recently changed their holdings in HD. Norges Bank bought a new stake in shares of Home Depot in the fourth quarter worth $4,311,070,000. International Assets Investment Management LLC increased its holdings in shares of Home Depot by 12,647.4% in the fourth 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 purchasing an additional 5,525,791 shares during the period. Jennison Associates LLC increased its holdings in shares of Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after purchasing an additional 1,207,388 shares during the period. Capital Research Global Investors increased its holdings in Home Depot shares by 7.2% in 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 purchasing an additional 992,444 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of Home Depot by 38.9% in the fourth 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 shares.

Home Depot Stock Performance

Shares of NYSE HD opened at $353.87 on Thursday. 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 company has a 50-day simple moving average of $337.26 and a two-hundred-day simple moving average of $351.79. The stock has a market cap of $350.90 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.44 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last reported its quarterly earnings data on Tuesday, May 14. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion during the quarter, compared to analyst expectations of $36.65 billion. During the same period last year, the company posted earnings per share of $3.82. The company’s quarterly revenue fell 2.3% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post earnings per share of 15.28 for the current year.

Home Depot announces dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13. A dividend of $2.25 per share was paid to known shareholders on Thursday, May 30. This represents a dividend of $9.00 annually and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, May 30. Home Depot’s payout ratio is 60.36%.

Insider buy and sell at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on Thursday, May 16. The shares sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of 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 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 shares.

Changes in analyst ratings

A number of brokers have recently expressed their opinions on HD. Citigroup lowered their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the company in a research note on Tuesday, May 7. Bank of America raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1. Royal Bank of Canada lifted their price objective on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5. Finally, Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $377.46.

Read our latest report on Home Depot

About HomeDepot

(Free report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells a variety of building materials, home improvement products, lawn and garden products and decorating products, as well as products for facility maintenance, repair and operation. The company also offers installation services for floors, water heaters, bathrooms, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

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