DNB Asset Management AS increased its stake in shares of Home Depot Inc (NYSE:HD) by 1.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 143,687 shares of the home improvement retailer’s stock after acquiring an additional 2,623 shares during the period. DNB Asset Management AS’s holdings in Home Depot were worth $29,765,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. FMR LLC grew its holdings in Home Depot by 0.4% in the 2nd quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock valued at $5,657,493,000 after buying an additional 109,499 shares during the last quarter. Morgan Stanley grew its holdings in Home Depot by 11.4% in the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after buying an additional 991,466 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Home Depot by 2.6% in the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock valued at $844,119,000 after buying an additional 108,535 shares during the last quarter. Swiss National Bank grew its holdings in Home Depot by 2.9% in the 2nd quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after buying an additional 115,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Home Depot by 3.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock valued at $758,772,000 after buying an additional 114,785 shares during the last quarter. 69.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of HD stock opened at $175.96 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. Home Depot Inc has a 12 month low of $167.00 and a 12 month high of $215.43. The company has a market capitalization of $198.01 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.37 and a beta of 1.26.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The company had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same quarter last year, the company earned $1.84 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Home Depot Inc will post 9.79 EPS for the current year.

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

HD has been the topic of a number of research analyst reports. Zacks Investment Research lowered Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, October 16th. Credit Suisse Group lowered their target price on Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a report on Thursday, November 15th. Deutsche Bank lowered their target price on Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Citigroup raised their target price on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $230.00 target price on shares of Home Depot in a report on Sunday, September 16th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $205.43.

In related news, Director Wayne M. Hewett bought 250 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was acquired at an average price of $169.62 per share, for a total transaction of $42,405.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $508,860. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 13,457 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was 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 owns 56,198 shares of the company’s stock, valued at approximately $9,702,022.72. The disclosure for this sale can be found here. Insiders acquired a total of 13,750 shares of company stock valued at $2,401,470 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

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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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