200 Shares in Home Depot Inc (NYSE:HD) Bought by Bourgeon Capital Management LLC

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Bourgeon Capital Management LLC bought a new position in Home Depot Inc (NYSE:HD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 200 shares of the home improvement retailer’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Notis McConarty Edward boosted its stake in shares of Home Depot by 3.6% during the 3rd quarter. Notis McConarty Edward now owns 13,807 shares of the home improvement retailer’s stock worth $3,203,000 after buying an additional 477 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its stake in Home Depot by 18.4% in the 3rd quarter. Pettyjohn Wood & White Inc. now owns 38,956 shares of the home improvement retailer’s stock valued at $9,038,000 after purchasing an additional 6,067 shares during the last quarter. Haverford Trust Co. lifted its stake in Home Depot by 3.4% in the 3rd quarter. Haverford Trust Co. now owns 88,211 shares of the home improvement retailer’s stock valued at $20,467,000 after purchasing an additional 2,931 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Home Depot by 0.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 77,274 shares of the home improvement retailer’s stock valued at $17,930,000 after purchasing an additional 431 shares during the last quarter. Finally, Donaldson Capital Management LLC lifted its stake in Home Depot by 5.6% in the 3rd quarter. Donaldson Capital Management LLC now owns 193,058 shares of the home improvement retailer’s stock valued at $44,793,000 after purchasing an additional 10,321 shares during the last quarter. 70.02% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Carol B. Tome sold 145,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 directly owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 87,343 shares in the company, valued at $19,839,962.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,508 shares of company stock worth $39,076,428. Insiders own 0.27% of the company’s stock.

HD has been the subject of several recent analyst reports. Credit Suisse Group raised their target price on shares of Home Depot from $213.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday. Wolfe Research initiated coverage on shares of Home Depot in a research note on Tuesday, October 8th. They issued a “buy” rating and a $260.00 target price for the company. DZ Bank downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. ValuEngine downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Raymond James reiterated an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $229.77.

Home Depot stock opened at $232.84 on Friday. The stock has a market cap of $254.29 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.31 and a beta of 1.04. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $238.99. The company’s 50-day moving average price is $232.23 and its two-hundred day moving average price is $214.66.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. The firm had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.05 EPS. As a group, equities analysts forecast that Home Depot Inc will post 10.12 EPS 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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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