Stock Yards Bank & Trust Co. boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,376 shares of the home improvement retailer’s stock after acquiring an additional 2,114 shares during the period. Home Depot, Inc. (The) accounts for 1.9% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 13th biggest holding. Stock Yards Bank & Trust Co.’s holdings in Home Depot, Inc. (The) were worth $15,858,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Baldwin Brothers Inc. MA lifted its position in Home Depot, Inc. (The) by 1.8% during the 1st quarter. Baldwin Brothers Inc. MA now owns 1,354 shares of the home improvement retailer’s stock worth $199,000 after acquiring an additional 24 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Home Depot, Inc. (The) during the 1st quarter worth about $602,000. Tompkins Financial Corp increased its holdings in shares of Home Depot, Inc. (The) by 16.5% during the 1st quarter. Tompkins Financial Corp now owns 33,115 shares of the home improvement retailer’s stock worth $4,418,000 after purchasing an additional 4,678 shares during the period. Cribstone Capital Management LLC increased its holdings in shares of Home Depot, Inc. (The) by 125.9% during the 1st quarter. Cribstone Capital Management LLC now owns 12,295 shares of the home improvement retailer’s stock worth $1,809,000 after purchasing an additional 6,853 shares during the period. Finally, Peoples Financial Services CORP. increased its holdings in shares of Home Depot, Inc. (The) by 13.9% during the 1st quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after purchasing an additional 125 shares during the period. 71.39% of the stock is owned by hedge funds and other institutional investors.

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In related news, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares in the company, valued at $9,877,044. The disclosure for this sale can be found here. Insiders have sold a total of 57,717 shares of company stock worth $8,916,321 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Shares of Home Depot, Inc. (HD) traded down 0.13% during trading on Tuesday, hitting $157.60. 1,534,432 shares of the stock were exchanged. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $161.38. The firm has a market capitalization of $185.78 billion, a P/E ratio of 22.68 and a beta of 1.07. The firm has a 50 day moving average price of $153.06 and a 200 day moving average price of $151.98.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.97 EPS. Analysts forecast that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

Several research analysts have recently issued reports on HD shares. Vetr downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective on the stock. in a report on Monday, June 19th. Bank of America Corporation restated a “buy” rating and set a $170.00 price objective on shares of Home Depot, Inc. (The) in a report on Tuesday, September 5th. Royal Bank Of Canada restated an “outperform” rating and set a $176.00 price objective on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Sanford C. Bernstein restated a “market perform” rating and set a $152.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $169.98.

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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