Signet Financial Management LLC raised its stake in Home Depot Inc (NYSE:HD) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,919 shares of the home improvement retailer’s stock after purchasing an additional 567 shares during the period. Signet Financial Management LLC’s holdings in Home Depot were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its holdings in shares of Home Depot by 8,331.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after acquiring an additional 21,212,570 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Home Depot by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock valued at $1,381,583,000 after acquiring an additional 158,174 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 0.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after acquiring an additional 25,410 shares during the last quarter. Janus Henderson Group PLC raised its stake in Home Depot by 2.4% during the second quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock worth $1,151,422,000 after purchasing an additional 127,532 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Home Depot by 2.9% in the 2nd quarter. Fisher Asset Management LLC now owns 4,854,657 shares of the home improvement retailer’s stock valued at $1,009,623,000 after buying an additional 138,011 shares during the period. Institutional investors and hedge funds own 70.12% of the company’s stock.

Several analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. UBS Group raised their price objective on Home Depot from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Goldman Sachs Group assumed coverage on shares of Home Depot in a report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price objective on the stock. Citigroup upped their target price on shares of Home Depot from $218.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus increased their target price on shares of Home Depot to $230.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and a consensus target price of $220.11.

In other news, EVP William G. Lennie sold 9,200 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now owns 84,123 shares in the company, valued at $18,511,266.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Carol B. Tome sold 145,400 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the sale, the chief financial officer now owns 496,374 shares of the company’s stock, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. Insiders sold 212,196 shares of company stock valued at $46,086,526 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Shares of NYSE HD traded down $0.61 during mid-day trading on Wednesday, hitting $232.39. The company had a trading volume of 1,960,821 shares, compared to its average volume of 4,563,691. The company has a market capitalization of $255.03 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The business’s 50-day simple moving average is $216.71 and its 200 day simple moving average is $202.95. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $233.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter last year, the company earned $3.05 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, analysts expect that Home Depot Inc will post 10.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, September 4th. Home Depot’s dividend payout ratio (DPR) is 55.01%.

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.

Read More: Cost of Goods Sold (COGS)

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.