Essex Investment Management Co. LLC Sells 1,328 Shares of Home Depot, Inc. (The) (NYSE:HD)

Essex Investment Management Co. LLC decreased its holdings in Home Depot, Inc. (The) (NYSE:HD) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,520 shares of the home improvement retailer’s stock after selling 1,328 shares during the quarter. Home Depot, Inc. (The) accounts for approximately 0.9% of Essex Investment Management Co. LLC’s holdings, making the stock its 19th biggest holding. Essex Investment Management Co. LLC’s holdings in Home Depot, Inc. (The) were worth $6,523,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HD. Waldron LP increased its position in shares of Home Depot, Inc. (The) by 104.0% during the 1st quarter. Waldron LP now owns 4,004 shares of the home improvement retailer’s stock worth $573,000 after purchasing an additional 2,041 shares in the last quarter. UMB Bank N A MO grew its holdings in Home Depot, Inc. (The) by 2.2% during the 1st quarter. UMB Bank N A MO now owns 226,219 shares of the home improvement retailer’s stock worth $33,216,000 after acquiring an additional 4,862 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Home Depot, Inc. (The) by 1.3% during the 1st quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after acquiring an additional 108,242 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its holdings in Home Depot, Inc. (The) by 3.4% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 2,805 shares of the home improvement retailer’s stock worth $412,000 after acquiring an additional 92 shares during the last quarter. Finally, Headinvest LLC grew its holdings in Home Depot, Inc. (The) by 3.0% during the 1st quarter. Headinvest LLC now owns 2,778 shares of the home improvement retailer’s stock worth $408,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 71.41% of the company’s stock.

A number of equities research analysts have commented on the stock. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Credit Suisse Group set a $171.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Gordon Haskett started coverage on shares of Home Depot, Inc. (The) in a report on Tuesday, October 3rd. They set a “buy” rating and a $189.00 price objective on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $164.00 target price on shares of Home Depot, Inc. (The) in a research note on Sunday, October 1st. Finally, Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $172.38.

In related news, EVP Matt Carey sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,717 shares of company stock valued at $8,916,321. Corporate insiders own 0.26% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) opened at 167.34 on Friday. The stock has a 50 day moving average of $162.19 and a 200-day moving average of $155.08. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $167.75. The company has a market cap of $197.26 billion, a PE ratio of 24.08 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. The firm had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.97 earnings per share. Equities analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/28/essex-investment-management-co-llc-reduces-stake-in-home-depot-inc-the-hd.html.

About Home Depot, Inc. (The)

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, Inc. (The) (NYSE:HD)

Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply