State Board of Administration of Florida Retirement System raised its position in Home Depot Inc (NYSE:HD) by 0.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,727,165 shares of the home improvement retailer’s stock after buying an additional 5,660 shares during the quarter. Home Depot comprises about 0.8% of State Board of Administration of Florida Retirement System’s portfolio, making the stock its 21st largest holding. State Board of Administration of Florida Retirement System’s holdings in Home Depot were worth $282,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mascoma Wealth Management LLC raised its stake in shares of Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares in the last quarter. Paragon Wealth Strategies LLC raised its stake in shares of Home Depot by 0.4% during the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Home Depot by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after purchasing an additional 7 shares in the last quarter. Silicon Valley Capital Partners raised its stake in shares of Home Depot by 0.6% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 9 shares in the last quarter. Finally, Mcdaniel Terry & Co. raised its stake in shares of Home Depot by 0.5% during the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

Home Depot Inc (NYSE:HD) opened at $191.80 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. Home Depot Inc has a 1-year low of $133.94 and a 1-year high of $193.72. The company has a market capitalization of $223,970.00, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period in the prior year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts predict that Home Depot Inc will post 7.37 earnings per share for the current year.

Home Depot declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio is 49.38%.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

A number of equities research analysts have recently issued reports on HD shares. Robert W. Baird set a $185.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Bank of America upped their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Royal Bank of Canada set a $179.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Credit Suisse Group set a $171.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $183.28.

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About Home Depot

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 (NYSE:HD)

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