Home Depot Inc (HD) Shares Bought by Greylin Investment Mangement Inc.

Greylin Investment Mangement Inc. increased its stake in shares of Home Depot Inc (NYSE:HD) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,589 shares of the home improvement retailer’s stock after purchasing an additional 887 shares during the period. Home Depot accounts for approximately 1.4% of Greylin Investment Mangement Inc.’s investment portfolio, making the stock its 18th biggest position. Greylin Investment Mangement Inc.’s holdings in Home Depot were worth $6,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trust Co. of Virginia VA raised its holdings in Home Depot by 0.7% in the 2nd quarter. Trust Co. of Virginia VA now owns 56,973 shares of the home improvement retailer’s stock valued at $11,115,000 after acquiring an additional 377 shares during the last quarter. Strategy Asset Managers LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $800,000. Penobscot Investment Management Company Inc. raised its holdings in Home Depot by 4.8% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 29,593 shares of the home improvement retailer’s stock valued at $5,774,000 after acquiring an additional 1,350 shares during the last quarter. Greenleaf Trust raised its holdings in Home Depot by 33.3% in the 2nd quarter. Greenleaf Trust now owns 12,570 shares of the home improvement retailer’s stock valued at $2,452,000 after acquiring an additional 3,137 shares during the last quarter. Finally, Brick & Kyle Associates raised its holdings in Home Depot by 482.7% in the 2nd quarter. Brick & Kyle Associates now owns 14,083 shares of the home improvement retailer’s stock valued at $2,748,000 after acquiring an additional 11,666 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

NYSE:HD opened at $179.85 on Friday. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. The company has a market cap of $206.45 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.42 and a beta of 1.11. Home Depot Inc has a fifty-two week low of $160.53 and a fifty-two week high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.21. The firm had revenue of $30.46 billion during the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. As a group, equities analysts forecast that Home Depot Inc will post 9.58 EPS for the current year.

In other Home Depot news, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

A number of analysts have commented on HD shares. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Loop Capital set a $200.00 price objective on shares of Home Depot and gave the company a “hold” rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target for the company in a report on Tuesday, July 17th. Citigroup raised their price target on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $203.00 price target on shares of Home Depot in a report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $206.68.

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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