Clear Harbor Asset Management LLC maintained its position in shares of The Home Depot Inc. (NYSE:HD) during the second quarter, Holdings Channel reports. The fund owned 2,960 shares of the home improvement retailer’s stock at the end of the second quarter. Clear Harbor Asset Management LLC’s holdings in The Home Depot were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Piershale Financial Group Inc. boosted its stake in shares of The Home Depot by 0.5% in the second quarter. Piershale Financial Group Inc. now owns 2,258 shares of the home improvement retailer’s stock worth $288,000 after buying an additional 12 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in shares of The Home Depot by 0.6% in the first quarter. Boothbay Fund Management LLC now owns 2,363 shares of the home improvement retailer’s stock worth $315,000 after buying an additional 14 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in shares of The Home Depot by 0.5% in the second quarter. Beese Fulmer Investment Management Inc. now owns 3,676 shares of the home improvement retailer’s stock worth $469,000 after buying an additional 19 shares in the last quarter. Alexandria Capital LLC boosted its stake in shares of The Home Depot by 1.8% in the second quarter. Alexandria Capital LLC now owns 1,250 shares of the home improvement retailer’s stock worth $160,000 after buying an additional 22 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of The Home Depot by 0.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,981 shares of the home improvement retailer’s stock worth $381,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 71.97% of the company’s stock.

The Home Depot Inc. (NYSE:HD) traded up 0.43% on Tuesday, hitting $126.83. The stock had a trading volume of 3,617,656 shares. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The company’s 50 day moving average is $133.78 and its 200-day moving average is $132.65. The firm has a market capitalization of $156.71 billion, a price-to-earnings ratio of 21.47 and a beta of 0.91.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The company earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that The Home Depot Inc. will post $6.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.69 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.18%. The Home Depot’s payout ratio is 46.54%.

A number of analysts have weighed in on HD shares. Topeka Capital Markets started coverage on The Home Depot in a research report on Monday, May 23rd. They issued a “buy” rating and a $158.00 price target for the company. Vetr cut The Home Depot from a “strong-buy” rating to a “buy” rating and set a $147.57 price target for the company. in a research report on Wednesday, May 25th. BTIG Research started coverage on The Home Depot in a research report on Wednesday, June 1st. They issued a “buy” rating and a $155.00 price target for the company. Jefferies Group reaffirmed a “buy” rating and issued a $156.00 price target on shares of The Home Depot in a research report on Wednesday, June 15th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $143.00 price target on shares of The Home Depot in a research report on Friday, June 17th. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $147.36.

In related news, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the transaction, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy M. Crow sold 49,392 shares of The Home Depot stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the transaction, the executive vice president now directly owns 224,905 shares in the company, valued at $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

The Home Depot Company Profile

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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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