Twin Focus Capital Partners LLC Invests $205,000 in Home Depot Inc (HD)

Twin Focus Capital Partners LLC bought a new stake in Home Depot Inc (NYSE:HD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,053 shares of the home improvement retailer’s stock, valued at approximately $205,000.

Several other institutional investors have also made changes to their positions in the company. Viridian Ria LLC grew its position in Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock valued at $465,000 after buying an additional 255 shares during the last quarter. Nadler Financial Group Inc. grew its position in Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after buying an additional 264 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after buying an additional 266 shares during the last quarter. Bingham Osborn & Scarborough LLC grew its position in Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after buying an additional 273 shares during the last quarter. Finally, First Mercantile Trust Co. grew its position in Home Depot by 4.6% in the 1st quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock valued at $1,108,000 after buying an additional 274 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

HD has been the topic of a number of analyst reports. Wells Fargo & Co reiterated a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a research report on Sunday, September 16th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research report on Friday, October 5th. Credit Suisse Group restated a “neutral” rating and set a $204.00 target price (down from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Morgan Stanley boosted their target price on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $205.28.

NYSE:HD opened at $182.01 on Wednesday. The firm has a market cap of $205.86 billion, a PE ratio of 24.40, a PEG ratio of 1.42 and a beta of 1.26. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. 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 the consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion during 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 business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. On average, analysts expect that Home Depot Inc will post 9.57 EPS for the current fiscal year.

In other news, EVP Matt Carey sold 4,125 shares of Home Depot stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction 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 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. Insiders own 0.25% of the company’s stock.

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Home Depot Company 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.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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