CSat Investment Advisory L.P. purchased a new position in Home Depot Inc (NYSE:HD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 571 shares of the home improvement retailer’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fiera Capital Corp boosted its stake in Home Depot by 83.7% during the 2nd quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock worth $1,338,000 after purchasing an additional 3,125 shares during the last quarter. Amalgamated Bank boosted its stake in Home Depot by 4.2% during the 2nd quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock worth $35,126,000 after purchasing an additional 7,323 shares during the last quarter. Dupont Capital Management Corp boosted its stake in Home Depot by 3.3% during the 2nd quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock worth $37,264,000 after purchasing an additional 6,025 shares during the last quarter. Parsons Capital Management Inc. RI boosted its stake in Home Depot by 1.9% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 49,045 shares of the home improvement retailer’s stock worth $9,569,000 after purchasing an additional 938 shares during the last quarter. Finally, Heritage Investors Management Corp boosted its stake in Home Depot by 0.3% during the 2nd quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock worth $28,177,000 after purchasing an additional 395 shares during the last quarter. 69.38% of the stock is owned by institutional investors.

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

Shares of HD stock opened at $179.00 on Wednesday. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. The stock has a market cap of $212.80 billion, a PE ratio of 23.99, a PEG ratio of 1.47 and a beta of 1.26. Home Depot Inc has a twelve month low of $163.15 and a twelve month high of $215.43.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts forecast that Home Depot Inc will post 9.56 earnings per share for the current year.

Several equities research analysts have issued reports on HD shares. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research note on Friday, October 5th. Credit Suisse Group reaffirmed a “neutral” rating and set a $204.00 target price (down previously from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Morgan Stanley lifted their target price on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and an average target price of $205.96.

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About Home Depot

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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