Willingdon Wealth Management lifted its holdings in Home Depot Inc (NYSE:HD) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,508 shares of the home improvement retailer’s stock after acquiring an additional 1,580 shares during the period. Willingdon Wealth Management’s holdings in Home Depot were worth $2,764,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Investment Partners Ltd. OH ADV increased its holdings in Home Depot by 2.6% during the fourth quarter. Investment Partners Ltd. OH ADV now owns 9,867 shares of the home improvement retailer’s stock valued at $1,870,000 after buying an additional 251 shares during the period. Telos Capital Management Inc. increased its holdings in Home Depot by 11.1% during the fourth quarter. Telos Capital Management Inc. now owns 2,634 shares of the home improvement retailer’s stock valued at $499,000 after buying an additional 264 shares during the period. First Mercantile Trust Co. increased its holdings in Home Depot by 4.6% during the first 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 period. Concentric Wealth Management LLC increased its holdings in Home Depot by 4.3% during the first quarter. Concentric Wealth Management LLC now owns 6,667 shares of the home improvement retailer’s stock valued at $1,188,000 after buying an additional 275 shares during the period. Finally, Waldron LP boosted its stake in Home Depot by 9.6% in the fourth quarter. Waldron LP now owns 3,193 shares of the home improvement retailer’s stock valued at $605,000 after acquiring an additional 279 shares in the last quarter. 69.06% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on HD shares. Zacks Investment Research downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. Gabelli started coverage on shares of Home Depot in a research note on Wednesday, April 11th. They issued a “buy” rating and a $206.00 target price for the company. UBS Group raised their target price on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, June 20th. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Loop Capital set a $200.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a research note on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $198.28.
In related news, EVP Mark Holifield sold 45,549 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the transaction, the executive vice president now directly owns 51,879 shares in the company, valued at $9,693,072.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephanie Linnartz purchased 1,000 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were acquired at an average price of $187.57 per share, for a total transaction of $187,570.00. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.
Home Depot traded down $2.26, reaching $197.14, on Friday, according to Marketbeat.com. The stock had a trading volume of 3,871,248 shares, compared to its average volume of 3,155,114. The stock has a market capitalization of $227.41 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 1.48 and a beta of 1.12. The company has a debt-to-equity ratio of 14.37, a quick ratio of 0.37 and a current ratio of 1.17. Home Depot Inc has a 12-month low of $146.89 and a 12-month high of $207.60.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.03. The business had revenue of $24.95 billion during the quarter, compared to analysts’ expectations of $25.17 billion. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. equities research analysts forecast that Home Depot Inc will post 9.45 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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