Whitnell & Co. Grows Position in Home Depot Inc (NYSE:HD)

Whitnell & Co. raised its position in Home Depot Inc (NYSE:HD) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,290 shares of the home improvement retailer’s stock after purchasing an additional 653 shares during the quarter. Home Depot accounts for approximately 1.2% of Whitnell & Co.’s portfolio, making the stock its 27th largest holding. Whitnell & Co.’s holdings in Home Depot were worth $3,548,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. raised its holdings in shares of Home Depot by 4.7% during the 3rd quarter. Lenox Wealth Management Inc. now owns 4,789 shares of the home improvement retailer’s stock valued at $1,111,000 after buying an additional 215 shares during the period. Principle Wealth Partners LLC raised its holdings in shares of Home Depot by 28.0% during the 3rd quarter. Principle Wealth Partners LLC now owns 9,524 shares of the home improvement retailer’s stock valued at $2,210,000 after buying an additional 2,083 shares during the period. Madrona Funds LLC purchased a new stake in shares of Home Depot during the 3rd quarter valued at about $350,000. Brasada Capital Management LP raised its holdings in shares of Home Depot by 3.4% during the 3rd quarter. Brasada Capital Management LP now owns 3,030 shares of the home improvement retailer’s stock valued at $703,000 after buying an additional 99 shares during the period. Finally, Doliver Advisors LP raised its holdings in shares of Home Depot by 11.7% during the 3rd quarter. Doliver Advisors LP now owns 1,480 shares of the home improvement retailer’s stock valued at $349,000 after buying an additional 155 shares during the period. Institutional investors own 70.02% of the company’s stock.

In related news, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 496,374 shares in the company, valued at approximately $108,725,760.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William G. Lennie sold 9,200 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,508 shares of company stock valued at $39,076,428. Insiders own 0.27% of the company’s stock.

Several equities research analysts recently commented on the company. Raymond James reiterated an “outperform” rating and set a $250.00 target price on shares of Home Depot in a report on Tuesday, October 8th. Argus set a $240.00 target price on Home Depot and gave the company a “buy” rating in a report on Wednesday, August 21st. UBS Group raised their target price on Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Loop Capital raised their target price on Home Depot to $200.00 and gave the company a “hold” rating in a report on Wednesday, August 21st. Finally, Wolfe Research initiated coverage on Home Depot in a report on Tuesday, October 8th. They set a “buy” rating and a $260.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $229.77.

Shares of HD traded down $0.10 during mid-day trading on Friday, hitting $232.84. The stock had a trading volume of 2,038,410 shares, compared to its average volume of 2,590,316. The company has a market cap of $254.29 billion, a PE ratio of 23.54, a PEG ratio of 2.31 and a beta of 1.04. The company’s fifty day simple moving average is $232.23 and its two-hundred day simple moving average is $214.66. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $238.99.

Home Depot (NYSE:HD) last issued 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 company had revenue of $30.84 billion during the quarter, compared to analyst estimates of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.05 EPS. On average, equities analysts anticipate that Home Depot Inc will post 10.12 earnings per share for the current year.

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 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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