Bank of Montreal Can bought a new position in The Home Depot Inc. (NYSE:HD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,639,534 shares of the home improvement retailer’s stock, valued at approximately $337,042,000. Bank of Montreal Can owned 0.21% of The Home Depot at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HD. First PREMIER Bank raised its stake in shares of The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares during the last quarter. RPg Family Wealth Advisory LLC raised its stake in The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock valued at $187,000 after buying an additional 654 shares in the last quarter. Catamount Wealth Management raised its stake in The Home Depot by 2,784.0% in the first quarter. Catamount Wealth Management now owns 1,442 shares of the home improvement retailer’s stock valued at $192,000 after buying an additional 1,392 shares in the last quarter. Highland Private Wealth Management bought a new stake in The Home Depot during the first quarter valued at about $212,000. Finally, Cape ANN Savings Bank raised its stake in The Home Depot by 5.6% in the second quarter. Cape ANN Savings Bank now owns 1,747 shares of the home improvement retailer’s stock valued at $223,000 after buying an additional 92 shares in the last quarter. 71.86% of the stock is owned by institutional investors and hedge funds.

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

Shares of The Home Depot Inc. (NYSE:HD) traded up 0.67% on Wednesday, reaching $126.69. The company had a trading volume of 3,545,888 shares. The company’s 50 day moving average price is $129.84 and its 200-day moving average price is $132.51. The stock has a market capitalization of $156.53 billion, a P/E ratio of 21.44 and a beta of 0.97. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.18%. 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 recent research reports. Deutsche Bank AG boosted their price target on The Home Depot from $143.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Vetr lowered The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 price target for the company. in a report on Monday, July 4th. Jefferies Group reissued a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Nomura raised The Home Depot from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $155.00 in a report on Thursday, June 23rd. Finally, Stifel Nicolaus initiated coverage on The Home Depot in a report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently 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 firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $136.26, for a total value of $4,000,184.82. Following the transaction, the executive vice president now directly owns 88,872 shares of the company’s stock, valued at approximately $12,109,698.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $136.03, for a total transaction of $1,587,606.13. Following the completion of the transaction, the executive vice president now directly owns 44,107 shares in the company, valued at $5,999,875.21. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

About The Home Depot

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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