Watch Point Trust Co reduced its stake in shares of Home Depot Inc (NYSE:HD) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,398 shares of the home improvement retailer’s stock after selling 400 shares during the period. Watch Point Trust Co’s holdings in Home Depot were worth $1,485,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its holdings in shares of Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after purchasing an additional 9,370,409 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Home Depot by 21,191.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock valued at $353,410,000 after acquiring an additional 3,517,498 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Home Depot by 104.6% during the 2nd quarter. Invesco Ltd. now owns 4,531,199 shares of the home improvement retailer’s stock valued at $942,353,000 after acquiring an additional 2,316,574 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Home Depot by 26.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock valued at $1,423,472,000 after acquiring an additional 1,280,467 shares in the last quarter. Finally, AMF Pensionsforsakring AB purchased a new position in shares of Home Depot during the 2nd quarter valued at $197,884,000. 70.02% of the stock is currently owned by institutional investors.
In related news, CFO Carol B. Tome sold 145,400 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the transaction, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the transaction, the executive vice president now owns 87,343 shares in the company, valued at $19,839,962.45. The disclosure for this sale can be found here. Insiders sold 177,508 shares of company stock worth $39,076,428 over the last 90 days. 0.27% of the stock is currently owned by company insiders.
Several analysts have weighed in on HD shares. DZ Bank cut shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. Wedbush reissued a “neutral” rating and set a $230.00 price target (up from $190.00) on shares of Home Depot in a research note on Wednesday, August 21st. Argus set a $240.00 price target on shares of Home Depot and gave the company a “buy” rating in a research note on Wednesday, August 21st. Credit Suisse Group increased their price target on shares of Home Depot from $213.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, UBS Group increased their price target on shares of Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $229.77.
NYSE HD traded down $0.10 during trading hours on Friday, hitting $232.84. The company’s stock had a trading volume of 2,038,410 shares, compared to its average volume of 2,590,316. The stock has a fifty day moving average of $232.23 and a 200 day moving average of $214.66. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $238.99. The firm has a market capitalization of $254.29 billion, a P/E ratio of 23.54, a PEG ratio of 2.31 and a beta of 1.04.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The business had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period in the prior year, the business posted $3.05 earnings per share. Home Depot’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Home Depot Inc will post 10.12 EPS for the current year.
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.
Recommended Story: How to track put option volume
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.