Capital One National Association cut its position in shares of The Home Depot Inc. (NYSE:HD) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,904 shares of the home improvement retailer’s stock after selling 3,857 shares during the period. The Home Depot comprises approximately 1.1% of Capital One National Association’s investment portfolio, making the stock its 16th largest position. Capital One National Association’s holdings in The Home Depot were worth $12,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Piershale Financial Group Inc. raised its position in The Home Depot by 0.5% in the second quarter. Piershale Financial Group Inc. now owns 2,258 shares of the home improvement retailer’s stock worth $288,000 after buying an additional 12 shares in the last quarter. Boothbay Fund Management LLC raised its position in The Home Depot by 0.6% in the first quarter. Boothbay Fund Management LLC now owns 2,363 shares of the home improvement retailer’s stock worth $315,000 after buying an additional 14 shares in the last quarter. Associated Banc Corp raised its position in The Home Depot by 0.7% in the first quarter. Associated Banc Corp now owns 5,098 shares of the home improvement retailer’s stock worth $680,000 after buying an additional 36 shares in the last quarter. Newman Dignan & Sheerar Inc. raised its position in The Home Depot by 0.9% in the second quarter. Newman Dignan & Sheerar Inc. now owns 3,866 shares of the home improvement retailer’s stock worth $494,000 after buying an additional 36 shares in the last quarter. Finally, Windward Capital Management Co. CA raised its position in The Home Depot by 1.1% in the first quarter. Windward Capital Management Co. CA now owns 3,620 shares of the home improvement retailer’s stock worth $483,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 71.97% of the company’s stock.

Shares of The Home Depot Inc. (NYSE:HD) traded down 0.67% during trading on Friday, hitting $126.11. 6,941,162 shares of the company traded hands. The company has a market capitalization of $155.82 billion, a price-to-earnings 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 company has a 50 day moving average price of $135.03 and a 200 day moving average price of $132.63.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.69 dividend. 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 currently 46.54%.

A number of research analysts recently weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $143.00 price objective on shares of The Home Depot in a research note on Friday, June 17th. Argus lifted their price objective on shares of The Home Depot from $150.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Royal Bank Of Canada lifted their price objective on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Jefferies Group reiterated a “buy” rating and issued a $156.00 price objective on shares of The Home Depot in a research note on Wednesday, June 15th. Finally, Vetr lowered shares of The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price target for the company. in a research report on Monday, July 11th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $147.36.

In other The Home Depot news, EVP Matt Carey sold 29,357 shares of The Home Depot stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $136.26, for a total value of $4,000,184.82. Following the completion of the transaction, the executive vice president now directly owns 88,872 shares of the company’s stock, valued at approximately $12,109,698.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the transaction, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

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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