Ontario Teachers Pension Plan Board grew its stake in shares of Home Depot Inc (NYSE:HD) by 23.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,124 shares of the home improvement retailer’s stock after purchasing an additional 54,964 shares during the quarter. Home Depot makes up approximately 0.8% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 29th biggest position. Ontario Teachers Pension Plan Board’s holdings in Home Depot were worth $55,823,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HD. Lucia Wealth Services LLC bought a new position in shares of Home Depot during the first quarter valued at approximately $101,000. Institutional & Family Asset Management LLC bought a new position in shares of Home Depot during the first quarter valued at approximately $108,000. Advisors Preferred LLC raised its holdings in shares of Home Depot by 819.7% during the second quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock valued at $127,000 after acquiring an additional 582 shares in the last quarter. Clarus Wealth Advisors bought a new position in shares of Home Depot during the second quarter valued at approximately $136,000. Finally, Landaas & Co. WI ADV bought a new position in shares of Home Depot during the second quarter valued at approximately $148,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the sale, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Wells Fargo & Co decreased their target price on Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Citigroup restated a “buy” rating and set a $227.00 target price on shares of Home Depot in a report on Wednesday, August 15th. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price for the company. Finally, Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and an average target price of $205.28.

HD opened at $185.99 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60. The firm has a market capitalization of $214.22 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.47 and a beta of 1.26. Home Depot Inc has a 12-month low of $162.93 and a 12-month high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The business had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Home Depot Inc will post 9.56 earnings per share for the current year.

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Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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