New York State Teachers Retirement System reduced its position in shares of The Home Depot Inc. (NYSE:HD) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,342,639 shares of the home improvement retailer’s stock after selling 75,731 shares during the period. The Home Depot comprises about 0.8% of New York State Teachers Retirement System’s holdings, making the stock its 22nd largest position. New York State Teachers Retirement System owned approximately 0.19% of The Home Depot worth $299,132,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First PREMIER Bank boosted its stake in 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 boosted 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 worth $187,000 after buying an additional 654 shares during the period. Catamount Wealth Management boosted 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 worth $192,000 after buying an additional 1,392 shares during the period. Highland Private Wealth Management bought a new stake in The Home Depot during the first quarter worth approximately $212,000. Finally, Cape ANN Savings Bank boosted 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 worth $223,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 71.86% of the company’s stock.

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

Shares of The Home Depot Inc. (NYSE:HD) traded up 0.10% during mid-day trading on Friday, reaching $126.42. 4,462,055 shares of the company’s stock were exchanged. The stock has a market capitalization of $156.20 billion, a PE ratio of 21.40 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 company’s 50 day moving average is $129.05 and its 200 day moving average is $132.39.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, hitting the consensus estimate of $1.97. The company 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 business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. Equities research analysts anticipate that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.

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

A number of equities research analysts have issued reports on HD shares. Deutsche Bank AG reiterated a “buy” rating and issued a $143.00 target price on shares of The Home Depot in a research report on Friday, June 17th. Nomura upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $155.00 in a research report on Thursday, June 23rd. Jefferies Group reiterated a “buy” rating on shares of The Home Depot in a research report on Sunday, July 3rd. Vetr lowered shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 target price for the company. in a research report on Monday, July 4th. Finally, Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, July 19th. 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 Home Depot presently has a consensus rating of “Buy” and a consensus price target of $146.86.

In related news, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the sale, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate 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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