Tandem Capital Management Corp ADV raised its stake in shares of Home Depot Inc (NYSE:HD) by 70.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,705 shares of the home improvement retailer’s stock after acquiring an additional 705 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Home Depot were worth $318,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. SRS Capital Advisors Inc. boosted its position in shares of Home Depot by 2.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,310 shares of the home improvement retailer’s stock worth $505,000 after purchasing an additional 45 shares during the period. Garrison Asset Management LLC boosted its holdings in shares of Home Depot by 3.6% in the first quarter. Garrison Asset Management LLC now owns 1,366 shares of the home improvement retailer’s stock valued at $255,000 after acquiring an additional 47 shares in the last quarter. Eads & Heald Wealth Management lifted its stake in shares of Home Depot by 0.8% in the fourth quarter. Eads & Heald Wealth Management now owns 5,706 shares of the home improvement retailer’s stock valued at $1,246,000 after purchasing an additional 48 shares during the period. Sharkey Howes & Javer lifted its stake in shares of Home Depot by 2.3% in the first quarter. Sharkey Howes & Javer now owns 2,135 shares of the home improvement retailer’s stock valued at $399,000 after purchasing an additional 48 shares during the period. Finally, Wambolt & Associates LLC lifted its stake in shares of Home Depot by 2.1% in the fourth quarter. Wambolt & Associates LLC now owns 2,459 shares of the home improvement retailer’s stock valued at $537,000 after purchasing an additional 50 shares during the period. 69.67% of the stock is owned by institutional investors.

Shares of NYSE HD traded up $2.82 during midday trading on Friday, reaching $247.96. 1,666,262 shares of the company traded hands, compared to its average volume of 5,490,609. The firm has a market cap of $263.31 billion, a PE ratio of 24.62, a PEG ratio of 2.28 and a beta of 1.03. The stock’s 50-day simple moving average is $221.17 and its 200-day simple moving average is $219.71. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $252.23.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business had revenue of $28.26 billion during the quarter, compared to the consensus estimate of $27.59 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that Home Depot Inc will post 9.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.50 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.42%. Home Depot’s dividend payout ratio is 58.54%.

A number of equities analysts have recently weighed in on the stock. Wedbush boosted their price objective on shares of Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Nomura upped their target price on shares of Home Depot from $240.00 to $252.00 in a research note on Wednesday, May 20th. Nomura Securities upped their price target on shares of Home Depot from $204.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, April 1st. Jefferies Financial Group increased their target price on shares of Home Depot from $228.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Nomura Instinet increased their price objective on shares of Home Depot from $240.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $251.03.

In related news, EVP William G. Lennie sold 17,993 shares of Home Depot stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares in the company, valued at $12,840,668.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William G. Lennie sold 9,848 shares of Home Depot stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $234.34, for a total value of $2,307,780.32. Following the completion of the sale, the executive vice president now owns 37,995 shares of the company’s stock, valued at $8,903,748.30. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

About Home Depot

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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