Texas Permanent School Fund lowered its position in shares of The Home Depot Inc. (NYSE:HD) by 5.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,515 shares of the home improvement retailer’s stock after selling 23,093 shares during the period. The Home Depot makes up about 0.7% of Texas Permanent School Fund’s portfolio, making the stock its 24th largest position. Texas Permanent School Fund’s holdings in The Home Depot were worth $48,965,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HD. Reik & CO. LLC boosted its position in shares of The Home Depot by 9.5% in the third quarter. Reik & CO. LLC now owns 4,159 shares of the home improvement retailer’s stock worth $535,000 after buying an additional 360 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of The Home Depot by 2.3% in the third quarter. Great West Life Assurance Co. Can now owns 1,329,937 shares of the home improvement retailer’s stock worth $171,075,000 after buying an additional 29,339 shares during the last quarter. Brighton Jones LLC boosted its position in shares of The Home Depot by 6.1% in the third quarter. Brighton Jones LLC now owns 15,710 shares of the home improvement retailer’s stock worth $2,022,000 after buying an additional 899 shares during the last quarter. Warren Averett Asset Management LLC boosted its position in shares of The Home Depot by 13.2% in the third quarter. Warren Averett Asset Management LLC now owns 3,822 shares of the home improvement retailer’s stock worth $492,000 after buying an additional 445 shares during the last quarter. Finally, Private Capital Management Inc. boosted its position in shares of The Home Depot by 10.9% in the third quarter. Private Capital Management Inc. now owns 6,100 shares of the home improvement retailer’s stock worth $785,000 after buying an additional 600 shares during the last quarter. 69.36% of the stock is owned by institutional investors and hedge funds.

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

The Home Depot Inc. (NYSE:HD) traded down 0.47% during mid-day trading on Monday, hitting $130.95. The stock had a trading volume of 2,703,712 shares. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The company has a 50 day moving average price of $125.80 and a 200 day moving average price of $130.49. The stock has a market cap of $160.28 billion, a P/E ratio of 21.26 and a beta of 1.05.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Tuesday, November 29th. The Home Depot’s dividend payout ratio is currently 44.66%.

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A number of brokerages have commented on HD. Argus reissued a “buy” rating and set a $154.00 target price on shares of The Home Depot in a report on Saturday, November 19th. Zacks Investment Research upgraded The Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, November 17th. RBC Capital Markets upped their price target on The Home Depot from $145.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Royal Bank Of Canada upped their price target on The Home Depot from $145.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Finally, Jefferies Group restated a “buy” rating and issued a $149.00 price target on shares of The Home Depot in a research report on Wednesday, November 16th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $145.24.

In other news, Director Jeffery H. Boyd acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were acquired at an average cost of $128.27 per share, for a total transaction of $1,282,700.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $1,282,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward P. Decker sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 63,878 shares in the company, valued at $8,355,242.40. The disclosure for this sale can be found here. 0.26% of the stock is 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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