Watch Point Trust Co decreased its position in Home Depot Inc (NYSE:HD) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
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Other institutional investors have also recently bought and sold shares of the company. Bath Savings Trust Co increased its holdings in Home Depot by 7.7% in the second quarter. Bath Savings Trust Co now owns 29,458 shares of the home improvement retailer’s stock worth $6,127,000 after purchasing an additional 2,109 shares in the last quarter. Cox Capital Mgt LLC increased its holdings in Home Depot by 3.1% in the second quarter. Cox Capital Mgt LLC now owns 14,935 shares of the home improvement retailer’s stock worth $3,106,000 after purchasing an additional 453 shares in the last quarter. Thomasville National Bank increased its holdings in Home Depot by 17.7% in the second quarter. Thomasville National Bank now owns 9,159 shares of the home improvement retailer’s stock worth $1,905,000 after purchasing an additional 1,377 shares in the last quarter. LVM Capital Management Ltd. MI increased its holdings in Home Depot by 2.5% in the second quarter. LVM Capital Management Ltd. MI now owns 44,736 shares of the home improvement retailer’s stock worth $9,304,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its holdings in Home Depot by 2.2% in the second quarter. Baystate Wealth Management LLC now owns 3,169 shares of the home improvement retailer’s stock worth $666,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.
A number of brokerages have weighed in on HD. ValuEngine downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wolfe Research began coverage on Home Depot in a report on Tuesday, October 8th. They issued a “buy” rating and a $260.00 target price for the company. Guggenheim downgraded Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. Argus set a $240.00 target price on Home Depot and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Oppenheimer raised their price objective on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $233.54.
Shares of NYSE:HD traded up $0.74 during mid-day trading on Friday, hitting $237.29. 2,884,230 shares of the company traded hands, compared to its average volume of 2,523,604. The stock has a 50-day moving average price of $233.21 and a two-hundred day moving average price of $215.53. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $238.99. The stock has a market cap of $259.06 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.35 and a beta of 1.04.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter in the previous year, the firm earned $3.05 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current year.
In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. In the last three months, insiders sold 177,508 shares of company stock worth $39,076,428. Insiders own 0.27% of the company’s stock.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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