I.G. Investment Management LTD. boosted its stake in shares of The Home Depot Inc. (NYSE:HD) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,324 shares of the home improvement retailer’s stock after buying an additional 14,519 shares during the period. I.G. Investment Management LTD.’s holdings in The Home Depot were worth $28,772,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Exchange Capital Management Inc. boosted its stake in shares of The Home Depot by 76.5% in the first quarter. Exchange Capital Management Inc. now owns 3,865 shares of the home improvement retailer’s stock worth $516,000 after buying an additional 1,675 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of The Home Depot by 8.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 308,698 shares of the home improvement retailer’s stock worth $41,190,000 after buying an additional 24,513 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of The Home Depot by 1.2% in the first quarter. Capstone Asset Management Co. now owns 145,675 shares of the home improvement retailer’s stock worth $19,437,000 after buying an additional 1,739 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of The Home Depot by 13.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 288,667 shares of the home improvement retailer’s stock worth $38,517,000 after buying an additional 33,201 shares in the last quarter. Finally, CENTRAL TRUST Co bought a new stake in shares of The Home Depot during the first quarter worth $15,436,000. 71.97% of the stock is owned by institutional investors.

Shares of The Home Depot Inc. (NYSE:HD) traded down 0.67% on Friday, hitting $126.11. The stock had a trading volume of 6,941,162 shares. The stock’s 50-day moving average price is $135.03 and its 200 day moving average price is $132.63. The company has a market cap of $155.82 billion, a PE ratio of 21.35 and a beta of 0.91. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00.

The Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.97. The business earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $1.71 earnings per share. On average, analysts predict that The Home Depot Inc. will post $6.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.19%. The Home Depot’s payout ratio is presently 46.54%.

HD has been the topic of a number of recent analyst reports. Jefferies Group restated a “buy” rating on shares of The Home Depot in a research note on Sunday, July 3rd. Vetr upgraded shares of The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price target on the stock in a research report on Thursday, September 8th. Zacks Investment Research cut shares of The Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, July 19th. Nomura upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $155.00 in a research report on Thursday, June 23rd. Finally, BTIG Research initiated coverage on shares of The Home Depot in a research report on Wednesday, June 1st. They issued a “buy” rating and a $155.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $147.36.

In other The Home Depot news, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $135.06, for a total value of $6,670,883.52. Following the completion of the transaction, the executive vice president now directly owns 224,905 shares in the company, valued at $30,375,669.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $136.03, for a total value of $1,587,606.13. Following the completion of the transaction, the executive vice president now owns 44,107 shares of the company’s stock, valued at $5,999,875.21. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

The Home Depot Company Profile

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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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