Handelsinvest Investeringsforvaltning held its position in The Home Depot Inc. (NYSE:HD) during the second quarter, Holdings Channel reports. The firm owned 21,000 shares of the home improvement retailer’s stock at the end of the second quarter. Handelsinvest Investeringsforvaltning’s holdings in The Home Depot were worth $2,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First PREMIER Bank raised its stake in shares of The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock worth $113,000 after buying an additional 200 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of The Home Depot by 23.7% in the second quarter. Proficio Capital Partners LLC now owns 1,131 shares of the home improvement retailer’s stock worth $156,000 after buying an additional 217 shares in the last quarter. Alexandria Capital LLC raised 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. First New York Securities LLC NY bought a new stake in shares of The Home Depot during the second quarter worth about $176,000. Finally, RPg Family Wealth Advisory LLC raised its stake in shares of The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock worth $187,000 after buying an additional 654 shares in the last quarter. Institutional investors and hedge funds own 71.86% of the company’s stock.

Shares of The Home Depot Inc. (NYSE:HD) traded down 0.43% during mid-day trading on Friday, hitting $128.20. The company’s stock had a trading volume of 3,252,243 shares. The company has a market cap of $158.40 billion, a PE ratio of 21.70 and a beta of 0.91. The stock has a 50-day moving average of $132.94 and a 200-day moving average of $132.60. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, August 30th. The Home Depot’s payout ratio is currently 46.54%.

A number of analysts have recently issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and set a $143.00 target price on shares of The Home Depot in a research note on Friday, June 17th. Argus boosted their target price on shares of The Home Depot from $150.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Royal Bank Of Canada boosted their target price on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Jefferies Group reissued a “buy” rating and set a $156.00 target price on shares of The Home Depot in a research note on Wednesday, June 15th. Finally, Vetr lowered shares of The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price objective for the company. in a research note on Monday, July 11th. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $147.36.

In related news, EVP Matt Carey sold 29,357 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the transaction, the executive vice president now owns 88,872 shares of the company’s stock, valued at $12,109,698.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy M. Crow sold 49,392 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $135.06, for a total value of $6,670,883.52. Following the transaction, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

About The 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 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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