Parthenon LLC boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,178 shares of the home improvement retailer’s stock after buying an additional 468 shares during the period. Parthenon LLC’s holdings in Home Depot, Inc. (The) were worth $3,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HD. American Beacon Advisors Inc. purchased a new stake in shares of Home Depot, Inc. (The) during the first quarter worth about $100,000. Riggs Asset Managment Co. Inc. raised its stake in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC raised its stake in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the last quarter. University of Texas Investment Managment Co. purchased a new stake in shares of Home Depot, Inc. (The) during the first quarter worth about $132,000. Finally, Peoples Financial Services CORP. raised its stake in shares of Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Home Depot, Inc. (NYSE:HD) traded up 1.24% during trading on Monday, hitting $151.50. The company had a trading volume of 2,812,743 shares. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The firm’s 50 day moving average is $150.67 and its 200-day moving average is $150.48. The stock has a market capitalization of $178.59 billion, a price-to-earnings ratio of 21.80 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.97 EPS. On average, equities analysts forecast that Home Depot, Inc. will post $7.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be given a $0.89 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.56 annualized dividend and a yield of 2.38%. Home Depot, Inc. (The)’s dividend payout ratio is presently 51.15%.

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A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Thursday. Stifel Nicolaus restated a “buy” rating and set a $178.00 target price (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 target price for the company in a report on Tuesday, May 30th. Longbow Research restated a “buy” rating and set a $175.00 target price on shares of Home Depot, Inc. (The) in a report on Monday, August 14th. Finally, BidaskClub lowered Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $169.77.

In related news, EVP Ann Marie Campbell sold 10,717 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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