Lourd Capital LLC purchased a new stake in shares of Home Depot Inc (NYSE:HD) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,563 shares of the home improvement retailer’s stock, valued at approximately $1,152,000.

Several other hedge funds have also recently made changes to their positions in HD. Fiera Capital Corp lifted its position in Home Depot by 83.7% in the second quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock valued at $1,338,000 after buying an additional 3,125 shares during the last quarter. Amalgamated Bank lifted its position in Home Depot by 4.2% in the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after buying an additional 7,323 shares during the last quarter. Dupont Capital Management Corp lifted its position in Home Depot by 3.3% in the second quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock valued at $37,264,000 after buying an additional 6,025 shares during the last quarter. Parsons Capital Management Inc. RI lifted its position in Home Depot by 1.9% in the second quarter. Parsons Capital Management Inc. RI now owns 49,045 shares of the home improvement retailer’s stock valued at $9,569,000 after buying an additional 938 shares during the last quarter. Finally, Heritage Investors Management Corp lifted its position in Home Depot by 0.3% in the second quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock valued at $28,177,000 after buying an additional 395 shares during the last quarter. 69.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on HD shares. Citigroup boosted their price target on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 price target on shares of Home Depot in a research note on Thursday, August 16th. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target on the stock. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research note on Sunday, September 16th. Finally, Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Friday, October 5th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $205.43.

In other Home Depot news, EVP Ann Marie Campbell sold 13,457 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the transaction, the executive vice president now directly owns 56,198 shares in the company, valued at $9,702,022.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the completion of the transaction, the chief executive officer now owns 264,970 shares in the company, valued at $47,805,887.40. The disclosure for this sale can be found here. Insiders have purchased 13,750 shares of company stock worth $2,401,470 over the last 90 days. Insiders own 0.25% of the company’s stock.

HD stock opened at $175.96 on Friday. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot Inc has a fifty-two week low of $167.00 and a fifty-two week high of $215.43. The company has a market cap of $198.01 billion, a P/E ratio of 18.79, a PEG ratio of 1.37 and a beta of 1.26.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Home Depot Inc will post 9.79 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.34%. Home Depot’s payout ratio is 55.23%.

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Home Depot 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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