Cubist Systematic Strategies LLC increased its holdings in shares of Home Depot Inc (NYSE:HD) by 640.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 24,016 shares of the home improvement retailer’s stock after acquiring an additional 20,773 shares during the period. Cubist Systematic Strategies LLC’s holdings in Home Depot were worth $4,686,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC raised its stake in Home Depot by 0.4% in the 2nd quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock valued at $5,657,493,000 after purchasing an additional 109,499 shares during the last quarter. Morgan Stanley raised its stake in Home Depot by 11.4% in the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after purchasing an additional 991,466 shares during the last quarter. Fisher Asset Management LLC raised its stake in Home Depot by 2.6% in the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock valued at $844,119,000 after purchasing an additional 108,535 shares during the last quarter. Swiss National Bank raised its stake in Home Depot by 2.9% in the 2nd quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after purchasing an additional 115,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Home Depot by 3.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock valued at $758,772,000 after purchasing an additional 114,785 shares during the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

Shares of HD opened at $177.02 on Monday. Home Depot Inc has a 52-week low of $166.06 and a 52-week high of $215.43. The firm has a market capitalization of $202.54 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.36 and a beta of 1.26. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same period last year, the company earned $1.84 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Home Depot Inc will post 9.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, November 28th. Home Depot’s payout ratio is 55.23%.

Several research firms recently commented on HD. Bank of America downgraded Home Depot from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $219.00 to $195.00 in a research note on Friday. Credit Suisse Group reduced their price objective on Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a research note on Thursday. Deutsche Bank reduced their price objective on Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Citigroup reduced their price objective on Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Finally, UBS Group reduced their price objective on Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus target price of $204.16.

In related news, EVP William G. Lennie sold 10,854 shares of the firm’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 sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Manuel Kadre acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were acquired at an average cost of $177.48 per share, with a total value of $354,960.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $354,960. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by company insiders.

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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: How to calculate the intrinsic value of a stock

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

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