Employees Retirement System of Texas lowered its position in shares of Home Depot Inc (NYSE:HD) by 9.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,800 shares of the home improvement retailer’s stock after selling 27,100 shares during the quarter. Home Depot accounts for about 0.7% of Employees Retirement System of Texas’ investment portfolio, making the stock its 23rd biggest holding. Employees Retirement System of Texas’ holdings in Home Depot were worth $48,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Azimuth Capital Management LLC lifted its stake in Home Depot by 0.5% in the second quarter. Azimuth Capital Management LLC now owns 79,208 shares of the home improvement retailer’s stock valued at $15,453,000 after buying an additional 366 shares in the last quarter. Gabelli Funds LLC lifted its stake in Home Depot by 3.1% in the second quarter. Gabelli Funds LLC now owns 237,400 shares of the home improvement retailer’s stock valued at $46,317,000 after buying an additional 7,200 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in Home Depot in the second quarter valued at approximately $3,346,000. Country Trust Bank lifted its position in shares of Home Depot by 1,382.7% in the second quarter. Country Trust Bank now owns 2,061 shares of the home improvement retailer’s stock worth $402,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its position in shares of Home Depot by 22.1% in the second quarter. Hartford Financial Management Inc. now owns 20,981 shares of the home improvement retailer’s stock worth $4,093,000 after purchasing an additional 3,796 shares in the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.

In other Home Depot news, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $203.00 price objective on shares of Home Depot in a research report on Thursday, August 16th. Citigroup reissued a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a research report on Wednesday, August 15th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, Loop Capital set a $200.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a research report on Wednesday, July 11th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $204.96.

NYSE HD opened at $205.08 on Wednesday. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. Home Depot Inc has a 1 year low of $151.70 and a 1 year high of $207.60. The firm has a market cap of $229.71 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.58 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. equities research analysts anticipate that Home Depot Inc will post 9.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.01%. The ex-dividend date is Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

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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