Arthur M. Cohen & Associates LLC lessened its stake in Home Depot, Inc. (The) (NYSE:HD) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,351 shares of the home improvement retailer’s stock after selling 903 shares during the period. Home Depot, Inc. (The) comprises about 1.3% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 21st largest holding. Arthur M. Cohen & Associates LLC’s holdings in Home Depot, Inc. (The) were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in Home Depot, Inc. (The) by 3.9% during the 1st quarter. Huntington National Bank now owns 311,122 shares of the home improvement retailer’s stock valued at $45,682,000 after purchasing an additional 11,724 shares during the last quarter. Rothschild Investment Corp IL raised its position in Home Depot, Inc. (The) by 17.2% during the 1st quarter. Rothschild Investment Corp IL now owns 35,527 shares of the home improvement retailer’s stock valued at $5,216,000 after purchasing an additional 5,221 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Home Depot, Inc. (The) during the 1st quarter valued at approximately $14,007,000. Motco raised its position in Home Depot, Inc. (The) by 79.3% during the 1st quarter. Motco now owns 1,244 shares of the home improvement retailer’s stock valued at $183,000 after purchasing an additional 550 shares during the last quarter. Finally, Hermes Investment Management Ltd. raised its position in Home Depot, Inc. (The) by 2.0% during the 1st quarter. Hermes Investment Management Ltd. now owns 24,976 shares of the home improvement retailer’s stock valued at $3,667,000 after purchasing an additional 500 shares during the last quarter. 71.39% of the stock is owned by institutional investors.

A number of research analysts have commented on the company. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Thursday, August 24th. Longbow Research reaffirmed a “buy” rating and set a $175.00 price target on shares of Home Depot, Inc. (The) in a research report on Monday, August 14th. BidaskClub lowered Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Barclays PLC set a $165.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, August 16th. Finally, Vetr raised Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 price target for the company in a research report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $172.38.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at $9,877,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock worth $8,916,321 over the last three months. Corporate insiders own 0.26% of the company’s stock.

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Home Depot, Inc. (NYSE HD) opened at 165.85 on Friday. The stock’s 50 day moving average price is $157.07 and its 200 day moving average price is $153.39. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $166.63. The company has a market capitalization of $195.51 billion, a PE ratio of 23.87 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.97 earnings per share. On average, equities analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

Home Depot, Inc. (The) 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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