Stock Yards Bank & Trust Co. lowered its position in Home Depot Inc (NYSE:HD) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,884 shares of the home improvement retailer’s stock after selling 15,034 shares during the quarter. Home Depot makes up about 2.1% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 11th largest holding. Stock Yards Bank & Trust Co.’s holdings in Home Depot were worth $24,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Taylor Cottrill Erickson & Associates Inc. lifted its stake in Home Depot by 0.4% in the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,400 shares of the home improvement retailer’s stock valued at $4,609,000 after acquiring an additional 76 shares during the last quarter. MADDEN SECURITIES Corp acquired a new stake in Home Depot in the second quarter valued at $235,000. Toth Financial Advisory Corp lifted its stake in Home Depot by 6.2% in the second quarter. Toth Financial Advisory Corp now owns 2,050 shares of the home improvement retailer’s stock valued at $514,000 after acquiring an additional 119 shares during the last quarter. Brasada Capital Management LP lifted its stake in Home Depot by 9.6% in the second quarter. Brasada Capital Management LP now owns 5,466 shares of the home improvement retailer’s stock valued at $1,369,000 after acquiring an additional 479 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. raised its position in shares of Home Depot by 1.4% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 3,395 shares of the home improvement retailer’s stock valued at $850,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 69.65% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Credit Suisse Group increased their price objective on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Oppenheimer started coverage on shares of Home Depot in a report on Friday. They issued a “buy” rating and a $274.00 target price on the stock. Telsey Advisory Group raised their target price on shares of Home Depot from $220.00 to $250.00 and gave the company a “market perform” rating in a report on Wednesday, May 20th. Jefferies Financial Group raised their target price on shares of Home Depot from $228.00 to $269.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Co raised their target price on shares of Home Depot from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $255.47.

NYSE:HD traded up $8.17 during mid-day trading on Tuesday, hitting $257.79. 4,607,336 shares of the company’s stock were exchanged, compared to its average volume of 5,776,814. The company has a 50 day simple moving average of $247.84 and a 200-day simple moving average of $225.76. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $259.29. The firm has a market capitalization of $268.47 billion, a P/E ratio of 24.81, a PEG ratio of 2.24 and a beta of 1.06.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The business had revenue of $28.26 billion for the quarter, compared to analyst estimates of $27.59 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Home Depot Inc will post 9.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 2.33%. Home Depot’s payout ratio is 58.54%.

In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the transaction, the executive vice president now owns 54,405 shares in the company, valued at approximately $12,840,668.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

Home Depot Company 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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