Grimes & Company Inc. lowered its stake in Home Depot Inc (NYSE:HD) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,006 shares of the home improvement retailer’s stock after selling 361 shares during the period. Grimes & Company Inc.’s holdings in Home Depot were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Patton Albertson Miller Group LLC raised its position in Home Depot by 73.3% in the 2nd quarter. Patton Albertson Miller Group LLC now owns 3,622 shares of the home improvement retailer’s stock valued at $707,000 after purchasing an additional 1,532 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Home Depot by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,608,054 shares of the home improvement retailer’s stock valued at $703,941,000 after purchasing an additional 125,379 shares in the last quarter. Brown Advisory Inc. raised its position in Home Depot by 3.8% in the 2nd quarter. Brown Advisory Inc. now owns 531,455 shares of the home improvement retailer’s stock valued at $103,687,000 after purchasing an additional 19,603 shares in the last quarter. Edgewood Management LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $214,000. Finally, British Airways Pensions Investment Management Ltd raised its position in Home Depot by 16.4% in the 2nd quarter. British Airways Pensions Investment Management Ltd now owns 136,526 shares of the home improvement retailer’s stock valued at $26,636,000 after purchasing an additional 19,247 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Loop Capital set a $200.00 price target on Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Citigroup reissued a “buy” rating and set a $227.00 target price on shares of Home Depot in a research report on Wednesday, August 15th. Morgan Stanley cut their target price on Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Finally, Credit Suisse Group reissued a “neutral” rating and set a $204.00 target price (down previously from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus target price of $205.28.
NYSE:HD opened at $182.19 on Tuesday. The company has a market cap of $205.86 billion, a P/E ratio of 24.42, a PEG ratio of 1.42 and a beta of 1.26. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a 52-week low of $162.28 and a 52-week high of $215.43.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. The firm had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. On average, research analysts expect that Home Depot Inc will post 9.57 EPS for the current fiscal year.
In related news, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the transaction, the executive vice president now owns 60,179 shares in the company, valued at approximately $11,760,781.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the transaction, the executive vice president now owns 40,057 shares in the company, 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.
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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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