Kentucky Retirement Systems acquired a new position in The Home Depot Inc. (NYSE:HD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 105,788 shares of the home improvement retailer’s stock, valued at approximately $13,508,000. The Home Depot makes up 0.9% of Kentucky Retirement Systems’ portfolio, making the stock its 20th largest position.

Other institutional investors have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its stake in The Home Depot by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,701 shares of the home improvement retailer’s stock worth $217,000 after buying an additional 9 shares during the period. Piershale Financial Group Inc. increased its stake in shares of The Home Depot by 0.5% in the second quarter. Piershale Financial Group Inc. now owns 2,258 shares of the home improvement retailer’s stock worth $288,000 after buying an additional 12 shares during the last quarter. Boothbay Fund Management LLC increased its stake in shares of The Home Depot by 0.6% in the first quarter. Boothbay Fund Management LLC now owns 2,363 shares of the home improvement retailer’s stock worth $315,000 after buying an additional 14 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of The Home Depot by 0.5% in the second quarter. Beese Fulmer Investment Management Inc. now owns 3,676 shares of the home improvement retailer’s stock worth $469,000 after buying an additional 19 shares during the last quarter. Finally, Vaughan David Investments Inc. IL increased its stake in shares of The Home Depot by 0.4% in the second quarter. Vaughan David Investments Inc. IL now owns 5,034 shares of the home improvement retailer’s stock worth $643,000 after buying an additional 20 shares during the last quarter. Institutional investors own 71.62% of the company’s stock.

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

The Home Depot Inc. (NYSE:HD) traded down 0.47% during trading on Friday, hitting $128.33. 4,428,888 shares of the stock were exchanged. The stock has a market cap of $157.08 billion, a P/E ratio of 20.83 and a beta of 1.05. The stock’s 50 day moving average price is $125.71 and its 200 day moving average price is $130.93. 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, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.05 billion. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The Home Depot’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 earnings per share. Analysts forecast that The Home Depot Inc. will post $6.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, November 29th. The Home Depot’s dividend payout ratio (DPR) is presently 44.66%.

HD has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of The Home Depot in a research report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price objective for the company. Zacks Investment Research raised shares of The Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. JPMorgan Chase & Co. reissued a “buy” rating and set a $142.00 price objective on shares of The Home Depot in a research report on Tuesday, August 16th. Wedbush reissued a “neutral” rating and set a $140.00 price objective (down previously from $145.00) on shares of The Home Depot in a research report on Tuesday, August 16th. Finally, Royal Bank Of Canada boosted their price objective on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.58.

In other The Home Depot news, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the transaction, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Holifield sold 15,606 shares of The Home Depot stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $128.39, for a total transaction of $2,003,654.34. Following the transaction, the executive vice president now directly owns 39,499 shares in the company, valued at $5,071,276.61. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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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