King Luther Capital Management Corp lessened its position in shares of Home Depot Inc (NYSE:HD) by 0.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,306,267 shares of the home improvement retailer’s stock after selling 9,173 shares during the quarter. Home Depot makes up approximately 1.9% of King Luther Capital Management Corp’s investment portfolio, making the stock its 9th largest holding. King Luther Capital Management Corp owned approximately 0.11% of Home Depot worth $213,653,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. B. Riley Financial Inc. grew its position in shares of Home Depot by 83.5% during the 3rd quarter. B. Riley Financial Inc. now owns 2,495 shares of the home improvement retailer’s stock worth $408,000 after buying an additional 1,135 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Home Depot by 89.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 537,324 shares of the home improvement retailer’s stock worth $88,254,000 after buying an additional 254,100 shares during the period. Engineers Gate Manager LP grew its position in shares of Home Depot by 899.1% during the 3rd quarter. Engineers Gate Manager LP now owns 19,822 shares of the home improvement retailer’s stock worth $3,242,000 after buying an additional 17,838 shares during the period. Aureus Asset Management LLC grew its position in shares of Home Depot by 6.6% during the 3rd quarter. Aureus Asset Management LLC now owns 9,489 shares of the home improvement retailer’s stock worth $1,552,000 after buying an additional 586 shares during the period. Finally, Signature Financial Management Inc. grew its position in shares of Home Depot by 15.5% during the 3rd quarter. Signature Financial Management Inc. now owns 4,159 shares of the home improvement retailer’s stock worth $584,000 after buying an additional 559 shares during the period. 70.63% of the stock is owned by institutional investors and hedge funds.

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In other news, EVP Edward P. Decker sold 17,660 shares of Home Depot stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the sale, the executive vice president now directly owns 73,815 shares in the company, valued at approximately $13,827,025.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Armando M. Codina bought 6,650 shares of the stock in a transaction dated Friday, March 2nd. The shares were acquired at an average price of $178.66 per share, for a total transaction of $1,188,089.00. Following the completion of the purchase, the director now directly owns 42,300 shares in the company, valued at $7,557,318. The disclosure for this purchase can be found here. Insiders have sold a total of 169,027 shares of company stock worth $31,220,882 over the last quarter. Company insiders own 0.26% of the company’s stock.

HD has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. BTIG Research increased their target price on Home Depot to $215.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Argus increased their target price on Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Jefferies Group reiterated a “buy” rating and issued a $223.00 target price on shares of Home Depot in a report on Monday, February 5th. Finally, SunTrust Banks increased their target price on Home Depot to $167.00 and gave the stock a “hold” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $193.15.

Home Depot Inc (NYSE:HD) traded up $0.66 during midday trading on Thursday, hitting $178.07. The stock had a trading volume of 3,752,790 shares, compared to its average volume of 6,140,000. The company has a market cap of $207,940.00, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. Home Depot Inc has a 12 month low of $144.25 and a 12 month high of $207.60. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The company had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 EPS. equities research analysts forecast that Home Depot Inc will post 9.43 earnings per share for the current fiscal year.

Home Depot announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.31%. This is a boost from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, March 7th. Home Depot’s payout ratio is presently 55.68%.

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Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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