First American Bank raised its position in shares of The Home Depot Inc. (NYSE:HD) by 23.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,937 shares of the home improvement retailer’s stock after buying an additional 3,053 shares during the period. First American Bank’s holdings in The Home Depot were worth $2,051,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HD. Capital World Investors raised its stake in The Home Depot by 0.4% in the second quarter. Capital World Investors now owns 86,279,401 shares of the home improvement retailer’s stock worth $11,017,017,000 after buying an additional 332,206 shares during the last quarter. FMR LLC raised its stake in The Home Depot by 2.3% in the second quarter. FMR LLC now owns 41,090,288 shares of the home improvement retailer’s stock worth $5,246,819,000 after buying an additional 931,070 shares during the last quarter. Cohen & Steers Inc. raised its stake in The Home Depot by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock worth $32,480,000 after buying an additional 35,306,300 shares during the last quarter. Ameriprise Financial Inc. raised its stake in The Home Depot by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 8,571,292 shares of the home improvement retailer’s stock worth $1,094,130,000 after buying an additional 242,842 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in The Home Depot by 22.9% in the second quarter. Jennison Associates LLC now owns 7,954,031 shares of the home improvement retailer’s stock worth $1,015,650,000 after buying an additional 1,483,893 shares during the last quarter. 69.36% of the stock is currently 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 down 0.71% on Monday, reaching $130.64. 4,858,978 shares of the company were exchanged. The Home Depot Inc. has a 12 month low of $109.62 and a 12 month high of $139.00. The stock has a market capitalization of $159.90 billion, a P/E ratio of 21.21 and a beta of 1.05. The stock has a 50 day moving average price of $125.86 and a 200-day moving average price of $130.38.

The Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same period in the prior year, the company posted $1.36 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that The Home Depot Inc. will post $6.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.76 dividend on an annualized basis and a yield of 2.11%. The Home Depot’s payout ratio is presently 44.66%.

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Several research analysts have weighed in on the stock. Argus raised their price objective on shares of The Home Depot from $150.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Royal Bank Of Canada raised their price objective on shares of The Home Depot from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Deutsche Bank AG raised their price objective on shares of The Home Depot from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Wedbush reissued a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of The Home Depot in a report on Tuesday, August 16th. Finally, Nomura reissued an “in-line” rating and set a $155.00 price objective on shares of The Home Depot in a report on Wednesday, August 17th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.24.

In related news, EVP Edward P. Decker sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $130.80, for a total value of $2,616,000.00. Following the sale, the executive vice president now directly owns 63,878 shares in the company, valued at approximately $8,355,242.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffery H. Boyd purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was purchased at an average price of $128.27 per share, for a total transaction of $1,282,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $1,282,700. The disclosure for this purchase 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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