CNB Bank trimmed its position in shares of Home Depot Inc (NYSE:HD) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,171 shares of the home improvement retailer’s stock after selling 789 shares during the period. Home Depot makes up approximately 1.1% of CNB Bank’s holdings, making the stock its 20th largest holding. CNB Bank’s holdings in Home Depot were worth $1,200,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Nuveen Asset Management LLC increased its stake in Home Depot by 3,457.2% during the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after acquiring an additional 9,370,409 shares during the period. Thoroughbred Financial Services LLC grew its stake in shares of Home Depot by 21,191.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock valued at $353,410,000 after purchasing an additional 3,517,498 shares during the period. Invesco Ltd. grew its stake in shares of Home Depot by 104.6% in the 2nd quarter. Invesco Ltd. now owns 4,531,199 shares of the home improvement retailer’s stock valued at $942,353,000 after purchasing an additional 2,316,574 shares during the period. Fisher Asset Management LLC grew its stake in shares of Home Depot by 26.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock valued at $1,423,472,000 after purchasing an additional 1,280,467 shares during the period. Finally, AMF Pensionsforsakring AB bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $197,884,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.
In other Home Depot news, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the transaction, the chief financial officer now owns 496,374 shares of the company’s stock, valued at approximately $108,725,760.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the transaction, the executive vice president now directly owns 84,123 shares in the company, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock worth $39,076,428 over the last three months. 0.27% of the stock is owned by company insiders.
Shares of HD traded down $0.10 on Friday, hitting $232.84. The company’s stock had a trading volume of 2,088,326 shares, compared to its average volume of 2,590,316. The company has a market capitalization of $254.29 billion, a PE ratio of 23.54, a PEG ratio of 2.31 and a beta of 1.04. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $238.99. The company has a 50 day moving average price of $232.23 and a 200 day moving average price of $214.66.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. Home Depot’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.05 EPS. On average, research analysts predict that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.
Several research firms have recently weighed in on HD. Oppenheimer upped their price objective on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Gabelli lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Citigroup upped their price objective on Home Depot from $246.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Argus set a $240.00 price objective on Home Depot and gave the company a “buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $229.77.
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.
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