PFG Advisors increased its holdings in Home Depot Inc (NYSE:HD) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,841 shares of the home improvement retailer’s stock after buying an additional 232 shares during the quarter. PFG Advisors’ holdings in Home Depot were worth $1,567,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Home Depot by 19.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 102,772 shares of the home improvement retailer’s stock worth $19,721,000 after purchasing an additional 16,794 shares during the period. Thor Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter worth about $32,000. Financial Advisors Network Inc. purchased a new stake in shares of Home Depot during the 1st quarter worth about $201,000. Clearbridge Investments LLC grew its holdings in shares of Home Depot by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock worth $1,381,583,000 after purchasing an additional 158,174 shares during the period. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Home Depot by 28.5% during the 1st quarter. Princeton Global Asset Management LLC now owns 3,555 shares of the home improvement retailer’s stock worth $682,000 after purchasing an additional 789 shares during the period. Institutional investors own 69.96% of the company’s stock.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the transaction, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the sale, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is currently owned by corporate insiders.

NYSE HD traded up $1.23 on Tuesday, reaching $235.41. The company had a trading volume of 1,156,656 shares, compared to its average volume of 3,672,227. The firm has a market capitalization of $256.99 billion, a PE ratio of 23.80, a P/E/G ratio of 2.29 and a beta of 1.05. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $236.70. The firm has a 50-day moving average of $228.63 and a 200-day moving average of $210.26.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.18%. The firm had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter in the prior year, the business earned $3.05 EPS. Home Depot’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Wednesday, September 4th. Home Depot’s payout ratio is 55.01%.

A number of analysts have recently issued reports on the company. Loop Capital boosted their target price on Home Depot to $200.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Oppenheimer boosted their target price on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. DZ Bank cut Home Depot from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. Royal Bank of Canada boosted their target price on Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Finally, Stifel Nicolaus boosted their target price on Home Depot to $230.00 and gave the stock a “buy” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $228.24.

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.

Recommended Story: Economic Reports

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.