Home Depot Inc (NYSE:HD) Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC lowered its stake in shares of Home Depot Inc (NYSE:HD) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 88,178 shares of the home improvement retailer’s stock after selling 1,993 shares during the period. Home Depot comprises about 3.0% of Abner Herrman & Brock LLC’s portfolio, making the stock its 11th largest holding. Abner Herrman & Brock LLC’s holdings in Home Depot were worth $20,459,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Community Trust & Investment Co. boosted its holdings in shares of Home Depot by 1.6% in the 3rd quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock valued at $635,000 after purchasing an additional 43 shares during the last quarter. First American Trust FSB increased its stake in shares of Home Depot by 2.1% during the third quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock valued at $508,000 after buying an additional 45 shares during the period. Lindbrook Capital LLC increased its stake in shares of Home Depot by 1.6% during the second quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock valued at $635,000 after buying an additional 49 shares during the period. First Command Financial Services Inc. increased its stake in shares of Home Depot by 0.9% during the second quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock valued at $1,167,000 after buying an additional 50 shares during the period. Finally, Canton Hathaway LLC increased its stake in shares of Home Depot by 4.3% during the second quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock valued at $250,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 69.92% of the company’s stock.

In other Home Depot news, EVP Edward P. Decker sold 22,908 shares of Home Depot stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of Home Depot stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total value of $31,848,416.00. Following the sale, the chief financial officer now directly owns 496,374 shares of the company’s stock, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock valued at $39,076,428 in the last three months. Insiders own 0.27% of the company’s stock.

Shares of NYSE:HD traded up $3.44 on Friday, reaching $235.05. The company had a trading volume of 167,395 shares, compared to its average volume of 3,719,388. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $235.49. The firm’s 50 day simple moving average is $227.40 and its 200-day simple moving average is $209.35. The firm has a market capitalization of $248.24 billion, a PE ratio of 23.75, a PEG ratio of 2.22 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. The firm had revenue of $30.84 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.05 EPS. As a group, equities analysts expect that Home Depot Inc will post 10.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.31%. Home Depot’s payout ratio is 55.01%.

Several equities analysts have recently issued reports on the company. Telsey Advisory Group boosted their target price on Home Depot from $210.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. Goldman Sachs Group began coverage on Home Depot in a report on Thursday, July 11th. They set a “buy” rating and a $235.00 price objective on the stock. Royal Bank of Canada raised their price objective on Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Argus set a $240.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Loop Capital raised their price objective on Home Depot to $200.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. Home Depot currently has a consensus rating of “Buy” and an average price target of $226.65.

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

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