Scotia Capital Inc. increased its holdings in shares of Home Depot Inc (NYSE:HD) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,454 shares of the home improvement retailer’s stock after acquiring an additional 19,444 shares during the period. Scotia Capital Inc.’s holdings in Home Depot were worth $61,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Haverford Trust Co. increased its stake in Home Depot by 48.3% in the second quarter. Haverford Trust Co. now owns 85,280 shares of the home improvement retailer’s stock valued at $17,736,000 after acquiring an additional 27,760 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of Home Depot by 2.0% in the second quarter. Carroll Financial Associates Inc. now owns 10,769 shares of the home improvement retailer’s stock worth $2,239,000 after buying an additional 216 shares in the last quarter. Berkeley Capital Partners LLC boosted its position in Home Depot by 22.0% during the second quarter. Berkeley Capital Partners LLC now owns 5,521 shares of the home improvement retailer’s stock worth $1,148,000 after acquiring an additional 996 shares during the last quarter. BB&T Securities LLC boosted its position in Home Depot by 3.8% during the second quarter. BB&T Securities LLC now owns 257,070 shares of the home improvement retailer’s stock worth $53,462,000 after acquiring an additional 9,329 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Home Depot by 2.8% during the 1st quarter. First Trust Advisors LP now owns 435,297 shares of the home improvement retailer’s stock valued at $83,529,000 after acquiring an additional 11,951 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

Shares of NYSE HD traded down $0.61 during trading hours on Wednesday, reaching $232.39. The stock had a trading volume of 1,960,821 shares, compared to its average volume of 4,563,691. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $233.87. The firm has a 50-day moving average of $216.71 and a 200-day moving average of $202.95. The firm has a market cap of $255.03 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.16 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period in the previous year, the business posted $3.05 earnings per share. Home Depot’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that Home Depot Inc will post 10.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, September 4th. Home Depot’s dividend payout ratio is currently 55.01%.

HD has been the topic of a number of analyst reports. Loop Capital lifted their price objective on Home Depot to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Wedbush reissued a “neutral” rating and issued a $230.00 price target (up previously from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. Goldman Sachs Group initiated coverage on shares of Home Depot in a research note on Thursday, July 11th. They issued a “buy” rating and a $235.00 price target for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Home Depot in a research report on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Home Depot currently has an average rating of “Buy” and an average price target of $220.11.

In other news, EVP William G. Lennie sold 9,200 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the transaction, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the transaction, the executive vice president now owns 87,343 shares in the company, valued at $19,839,962.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,196 shares of company stock worth $46,086,526. Corporate insiders own 0.27% 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.

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

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