LS Investment Advisors LLC reduced its stake in The Home Depot Inc. (NYSE:HD) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,626 shares of the home improvement retailer’s stock after selling 1,822 shares during the period. The Home Depot comprises approximately 1.5% of LS Investment Advisors LLC’s portfolio, making the stock its 3rd largest position. LS Investment Advisors LLC’s holdings in The Home Depot were worth $21,787,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. OLD National Bancorp IN increased its stake in The Home Depot by 172.6% in the first quarter. OLD National Bancorp IN now owns 99,294 shares of the home improvement retailer’s stock valued at $13,249,000 after buying an additional 62,872 shares in the last quarter. Hartwell J M Limited Partnership increased its stake in The Home Depot by 41.6% in the first quarter. Hartwell J M Limited Partnership now owns 167,698 shares of the home improvement retailer’s stock valued at $22,376,000 after buying an additional 49,250 shares in the last quarter. Lodestar Investment Counsel LLC IL increased its stake in The Home Depot by 3.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 7,452 shares of the home improvement retailer’s stock valued at $994,000 after buying an additional 279 shares in the last quarter. First Manhattan Co. increased its stake in The Home Depot by 19.0% in the first quarter. First Manhattan Co. now owns 29,483 shares of the home improvement retailer’s stock valued at $3,934,000 after buying an additional 4,699 shares in the last quarter. Finally, Douglas Lane & Associates LLC acquired a new stake in The Home Depot during the first quarter valued at $1,086,000. 71.86% of the stock is owned by institutional investors and hedge funds.

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

The Home Depot Inc. (NYSE:HD) traded down 0.83% during midday trading on Monday, hitting $127.25. 4,349,741 shares of the stock were exchanged. The company has a market cap of $157.23 billion, a PE ratio of 21.54 and a beta of 0.97. The firm’s 50 day moving average price is $130.11 and its 200 day moving average price is $132.55. The Home Depot Inc. has a 12 month low of $109.62 and a 12 month high of $139.00.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, meeting the consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The business earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.69 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 2.17%. The Home Depot’s dividend payout ratio is currently 46.54%.

Several equities analysts have recently commented on the stock. Jefferies Group reaffirmed a “buy” rating and set a $156.00 price objective on shares of The Home Depot in a research note on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “buy” rating and set a $143.00 price objective on shares of The Home Depot in a research note on Friday, June 17th. Nomura raised shares of The Home Depot from a “neutral” rating to a “buy” rating and upped their price objective for the company from $140.00 to $155.00 in a research note on Thursday, June 23rd. Vetr downgraded shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 price objective for the company. in a research note on Monday, July 4th. Finally, Zacks Investment Research downgraded shares of The Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $146.86.

In other news, EVP Teresa Wynn Roseborough sold 11,671 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $136.03, for a total value of $1,587,606.13. Following the completion of the sale, the executive vice president now owns 44,107 shares in the company, valued at approximately $5,999,875.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the sale, the executive vice president now owns 224,905 shares of the company’s stock, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

The Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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