Meyer Handelman Co. trimmed its stake in Home Depot Inc (NYSE:HD) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 135,965 shares of the home improvement retailer’s stock after selling 4,000 shares during the quarter. Home Depot accounts for 1.4% of Meyer Handelman Co.’s holdings, making the stock its 19th largest position. Meyer Handelman Co.’s holdings in Home Depot were worth $28,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. Strategic Investment Advisors MI grew its holdings in shares of Home Depot by 25.8% during the 2nd quarter. Strategic Investment Advisors MI now owns 1,339 shares of the home improvement retailer’s stock worth $273,000 after purchasing an additional 275 shares in the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of Home Depot by 1.2% during the 2nd quarter. CHICAGO TRUST Co NA now owns 5,271 shares of the home improvement retailer’s stock worth $1,096,000 after purchasing an additional 65 shares in the last quarter. Manchester Financial Inc. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $71,000. Asset Dedication LLC grew its holdings in shares of Home Depot by 4.7% during the 2nd quarter. Asset Dedication LLC now owns 12,393 shares of the home improvement retailer’s stock worth $2,570,000 after purchasing an additional 552 shares in the last quarter. Finally, Roman Butler Fullerton & Co. grew its holdings in shares of Home Depot by 2.5% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 12,480 shares of the home improvement retailer’s stock worth $2,595,000 after purchasing an additional 307 shares in the last quarter. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Home Depot stock traded up $0.60 during midday trading on Monday, hitting $217.51. 42,117 shares of the company were exchanged, compared to its average volume of 2,808,368. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.26 and a current ratio of 1.04. The company has a market capitalization of $238.66 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 1.99 and a beta of 1.12. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $219.30. The firm has a 50 day simple moving average of $209.35.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion during the quarter, compared to the consensus estimate of $26.34 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.24%. Home Depot’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.08 EPS. As a group, sell-side analysts anticipate that Home Depot Inc will post 10.17 earnings per share for the current year.

In related news, EVP Matt Carey sold 34,688 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the transaction, the executive vice president now owns 81,982 shares in the company, valued at approximately $16,567,742.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the transaction, the executive vice president now owns 64,575 shares of the company’s stock, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. Insiders have sold a total of 82,522 shares of company stock valued at $16,156,831 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on HD. Telsey Advisory Group reissued a “market perform” rating and set a $5.00 price objective (down previously from $7.50) on shares of Tile Shop in a report on Wednesday, May 1st. Stifel Nicolaus set a $154.00 price objective on argenx and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Wells Fargo & Co reissued a “hold” rating and set a $70.00 price objective on shares of Church & Dwight in a report on Thursday, May 2nd. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Citigroup decreased their price objective on GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $207.78.

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 décor 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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