Shaker Investments LLC OH acquired a new stake in shares of Home Depot Inc (NYSE:HD) during the second quarter, Holdings Channel reports. The firm acquired 1,730 shares of the home improvement retailer’s stock, valued at approximately $338,000.

A number of other hedge funds have also recently bought and sold shares of HD. First National Trust Co boosted its stake in shares of Home Depot by 3.2% during the second quarter. First National Trust Co now owns 72,645 shares of the home improvement retailer’s stock valued at $14,173,000 after purchasing an additional 2,265 shares during the period. RB Capital Management LLC boosted its stake in shares of Home Depot by 16.3% during the second quarter. RB Capital Management LLC now owns 3,692 shares of the home improvement retailer’s stock valued at $720,000 after purchasing an additional 517 shares during the period. Lyell Wealth Management LP boosted its stake in shares of Home Depot by 3.9% during the second quarter. Lyell Wealth Management LP now owns 23,124 shares of the home improvement retailer’s stock valued at $4,511,000 after purchasing an additional 873 shares during the period. Dimension Capital Management LLC purchased a new stake in shares of Home Depot during the second quarter valued at $205,000. Finally, Pinnacle Financial Partners Inc. boosted its stake in shares of Home Depot by 34.4% during the second quarter. Pinnacle Financial Partners Inc. now owns 18,610 shares of the home improvement retailer’s stock valued at $3,631,000 after purchasing an additional 4,759 shares during the period. Institutional investors and hedge funds own 68.97% of the company’s stock.

HD has been the subject of a number of recent analyst reports. Citigroup reissued a “buy” rating and set a $227.00 target price on shares of Home Depot in a research note on Wednesday, August 15th. Wells Fargo & Co reissued a “buy” rating and set a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective for the company. ValuEngine raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, UBS Group upped their price objective on shares of Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $205.92.

Shares of Home Depot stock opened at $212.39 on Friday. The stock has a market capitalization of $243.00 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.67 and a beta of 1.10. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60. Home Depot Inc has a one year low of $159.01 and a one year high of $215.43.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were issued a $1.03 dividend. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a yield of 1.94%. Home Depot’s dividend payout ratio is presently 55.23%.

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

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.

Further Reading: Investing in Dividend Stocks

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

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