Home Depot, Inc. (The) (HD) Position Cut by Security National Trust Co.

Security National Trust Co. trimmed its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,681 shares of the home improvement retailer’s stock after selling 1,179 shares during the quarter. Home Depot, Inc. (The) accounts for 3.1% of Security National Trust Co.’s portfolio, making the stock its 2nd largest holding. Security National Trust Co.’s holdings in Home Depot, Inc. (The) were worth $9,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Home Depot, Inc. (The) by 3.0% during the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after purchasing an additional 2,133 shares in the last quarter. Smithfield Trust Co. boosted its holdings in Home Depot, Inc. (The) by 0.3% during the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock valued at $1,287,000 after purchasing an additional 25 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its holdings in Home Depot, Inc. (The) by 12.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock valued at $3,001,000 after purchasing an additional 2,139 shares in the last quarter. BP PLC boosted its holdings in Home Depot, Inc. (The) by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock valued at $27,459,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $99,739,000. 71.55% of the stock is currently owned by institutional investors.

WARNING: This piece was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/11/12/home-depot-inc-the-hd-position-cut-by-security-national-trust-co.html.

In related news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The transaction 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 company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the sale, the executive vice president now owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is owned by corporate insiders.

Several research analysts have recently commented on HD shares. Royal Bank of Canada set a $179.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Monday, October 30th. Credit Suisse Group set a $171.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Gordon Haskett started coverage on Home Depot, Inc. (The) in a report on Tuesday, October 3rd. They issued a “buy” rating and a $189.00 target price on the stock. Finally, KeyCorp started coverage on Home Depot, Inc. (The) in a report on Tuesday, November 7th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $173.18.

Shares of Home Depot, Inc. (HD) opened at $164.11 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. Home Depot, Inc. has a 1 year low of $122.92 and a 1 year high of $167.94. The company has a market cap of $193,455.83, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.65 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter in the prior year, the company earned $1.97 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. research analysts expect that Home Depot, Inc. will post 7.32 earnings per share for the current year.

Home Depot, Inc. (The) 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.

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. (The) (NYSE:HD).

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