Home Depot Inc (HD) Position Reduced by Philadelphia Trust Co.

Philadelphia Trust Co. lessened its position in Home Depot Inc (NYSE:HD) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,764 shares of the home improvement retailer’s stock after selling 673 shares during the quarter. Philadelphia Trust Co.’s holdings in Home Depot were worth $1,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HD. AGF Investments Inc. grew its position in Home Depot by 95.6% in the 2nd quarter. AGF Investments Inc. now owns 172,148 shares of the home improvement retailer’s stock worth $33,586,000 after purchasing an additional 84,160 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Home Depot by 75.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 168,428 shares of the home improvement retailer’s stock worth $32,861,000 after purchasing an additional 72,464 shares during the last quarter. RPg Family Wealth Advisory LLC grew its position in Home Depot by 84.6% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in Home Depot by 23.8% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 286,124 shares of the home improvement retailer’s stock worth $55,823,000 after purchasing an additional 54,964 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its position in Home Depot by 10.0% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 38,096 shares of the home improvement retailer’s stock worth $7,433,000 after purchasing an additional 3,455 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

In related news, EVP Matt Carey sold 4,125 shares of Home Depot stock in a transaction dated Thursday, August 16th. The shares were 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 directly owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Several analysts have issued reports on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $203.00 price target on shares of Home Depot in a research report on Thursday, August 16th. Citigroup reiterated a “buy” rating and set a $227.00 target price on shares of Home Depot in a research report on Wednesday, August 15th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price on the stock. Morgan Stanley decreased their target price on shares of 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, Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $205.28.

Shares of HD stock opened at $185.99 on Friday. Home Depot Inc has a 12-month low of $162.93 and a 12-month high of $215.43. The stock has a market cap of $214.22 billion, a P/E ratio of 21.62, a PEG ratio of 1.47 and a beta of 1.26. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. During the same period last year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts expect that Home Depot Inc will post 9.56 EPS for the current fiscal year.

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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 d├ęcor 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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