Atalanta Sosnoff Capital LLC decreased its position in The Home Depot Inc. (NYSE:HD) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 604,995 shares of the home improvement retailer’s stock after selling 10,200 shares during the period. The Home Depot makes up 2.6% of Atalanta Sosnoff Capital LLC’s portfolio, making the stock its 12th largest position. Atalanta Sosnoff Capital LLC’s holdings in The Home Depot were worth $77,252,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings 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 worth $113,000 after buying an additional 200 shares during the period. RPg Family Wealth Advisory LLC increased its position in shares of 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 worth $187,000 after buying an additional 654 shares in the last quarter. Catamount Wealth Management increased its position in shares of 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 worth $192,000 after buying an additional 1,392 shares in the last quarter. Highland Private Wealth Management bought a new position in shares of The Home Depot during the first quarter worth approximately $212,000. Finally, Cape ANN Savings Bank increased its position in shares of 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 worth $223,000 after buying an additional 92 shares in the last quarter. Institutional investors own 71.86% of the company’s stock.

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

The Home Depot Inc. (NYSE:HD) traded up 0.10% on Friday, reaching $126.42. The company’s stock had a trading volume of 4,462,055 shares. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00. The firm has a market capitalization of $156.20 billion, a P/E ratio of 21.40 and a beta of 0.97. The firm has a 50-day moving average price of $129.05 and a 200 day moving average price of $132.39.

The Home Depot (NYSE:HD) last posted its quarterly earnings data 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 Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. During the same period in the previous year, the business earned $1.71 EPS. The Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts anticipate that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.76 annualized dividend and a yield of 2.18%. The Home Depot’s dividend payout ratio is presently 46.54%.

A number of brokerages have recently commented on HD. Zacks Investment Research downgraded The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. RBC Capital Markets reissued an “outperform” rating and set a $155.00 price objective (up from $150.00) on shares of The Home Depot in a research report on Wednesday, August 17th. Nomura reissued an “in-line” rating and set a $155.00 price objective on shares of The Home Depot in a research report on Wednesday, August 17th. Wedbush upped their price target on The Home Depot from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a report on Monday, September 12th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The Home Depot has an average rating of “Buy” and a consensus target price of $146.86.

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

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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