Shell Asset Management Co. raised its position in The Home Depot Inc. (NYSE:HD) by 15.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,587 shares of the home improvement retailer’s stock after buying an additional 39,559 shares during the period. The Home Depot accounts for about 0.9% of Shell Asset Management Co.’s holdings, making the stock its 19th largest position. Shell Asset Management Co.’s holdings in The Home Depot were worth $36,850,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Marsico Capital Management LLC increased its position in The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock valued at $199,055,000 after buying an additional 1,280,239 shares in the last quarter. Geode Capital Management LLC increased its position in The Home Depot by 6.1% in the first quarter. Geode Capital Management LLC now owns 10,960,092 shares of the home improvement retailer’s stock valued at $1,459,625,000 after buying an additional 630,567 shares in the last quarter. 1832 Asset Management L.P. increased its position in The Home Depot by 43.5% in the first quarter. 1832 Asset Management L.P. now owns 1,645,719 shares of the home improvement retailer’s stock valued at $367,513,000 after buying an additional 499,166 shares in the last quarter. Virginia Retirement System purchased a new position in The Home Depot during the first quarter valued at $59,331,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in The Home Depot by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 34,234,257 shares of the home improvement retailer’s stock valued at $4,567,877,000 after buying an additional 442,683 shares in the last quarter. 71.86% of the stock is owned by hedge funds and other institutional investors.

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

Shares of The Home Depot Inc. (NYSE:HD) traded down 1.10% during mid-day trading on Tuesday, hitting $125.85. The stock had a trading volume of 5,113,677 shares. The firm has a market cap of $155.50 billion, a P/E ratio of 21.30 and a beta of 0.97. The company has a 50 day moving average price of $130.11 and a 200 day moving average price of $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 announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.97. The business had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. Equities analysts forecast that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, August 30th. The Home Depot’s dividend payout ratio (DPR) is 46.54%.

HD has been the subject of several research reports. Zacks Investment Research raised The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Tuesday, October 4th. Jefferies Group reiterated a “buy” rating on shares of The Home Depot in a research note on Sunday, July 3rd. Argus reiterated a “hold” rating and issued a $154.00 price objective on shares of The Home Depot in a research note on Friday, September 16th. Morgan Stanley set a $145.00 price objective on The Home Depot and gave the company a “hold” rating in a research note on Wednesday, September 28th. Finally, Vetr upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price objective for the company in a research note on Thursday, September 8th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $146.86.

In other The Home Depot news, EVP Matt Carey sold 29,357 shares of The Home Depot stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the sale, the executive vice president now owns 88,872 shares of the company’s stock, valued at approximately $12,109,698.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the sale, the chief financial officer now directly owns 644,831 shares in the company, valued at approximately $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate 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

Receive News & Stock Ratings for The Home Depot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot Inc. and related stocks with our FREE daily email newsletter.