Markston International LLC lowered its stake in shares of Home Depot Inc (NYSE:HD) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,474 shares of the home improvement retailer’s stock after selling 710 shares during the quarter. Home Depot comprises 1.3% of Markston International LLC’s portfolio, making the stock its 27th largest holding. Markston International LLC’s holdings in Home Depot were worth $11,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Price Wealth LLC boosted its position in Home Depot by 138.5% during the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 72 shares during the period. Selective Wealth Management Inc. boosted its position in shares of Home Depot by 243.9% in the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 100 shares during the period. Evolution Wealth Advisors LLC grew its stake in shares of Home Depot by 138.8% in the second quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 111 shares during the last quarter. NuWave Investment Management LLC bought a new position in Home Depot during the second quarter worth $57,000. Finally, Bay Harbor Wealth Management LLC increased its position in Home Depot by 15.2% during the first quarter. Bay Harbor Wealth Management LLC now owns 318 shares of the home improvement retailer’s stock worth $59,000 after acquiring an additional 42 shares during the period. 69.00% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Matt Carey sold 50,478 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $276.43, for a total value of $13,953,633.54. Following the completion of the sale, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $279.83, for a total value of $11,738,029.01. Over the last ninety days, insiders sold 119,304 shares of company stock valued at $32,088,591. 0.26% of the stock is currently owned by company insiders.

Home Depot stock traded down $4.80 during trading hours on Friday, reaching $275.16. 283,380 shares of the company’s stock traded hands, compared to its average volume of 5,184,457. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $292.95. The firm has a market capitalization of $301.36 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.09 and a beta of 1.09. The firm’s 50 day moving average is $277.39 and its 200-day moving average is $239.74.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The company had revenue of $38.05 billion for the quarter, compared to the consensus estimate of $32.13 billion. During the same period in the prior year, the company posted $3.17 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. On average, analysts forecast that Home Depot Inc will post 11.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $1.50 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

A number of equities analysts recently issued reports on the stock. Nomura boosted their target price on shares of Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Nomura Instinet boosted their target price on shares of Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Loop Capital boosted their target price on shares of Home Depot from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Argus boosted their target price on shares of Home Depot from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their target price on shares of Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and an average price target of $286.41.

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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