Home Depot Inc (NYSE:HD) Stock Holdings Lifted by Whitnell & Co.

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Whitnell & Co. raised its position in Home Depot Inc (NYSE:HD) by 4.5% during the third quarter, HoldingsChannel.com reports. The firm owned 15,290 shares of the home improvement retailer’s stock after buying an additional 653 shares during the quarter. Home Depot makes up approximately 1.2% of Whitnell & Co.’s holdings, 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 reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Community Trust & Investment Co. lifted its position in shares of Home Depot by 1.6% during the 3rd quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 43 shares during the last quarter. First American Trust FSB lifted its position in shares of Home Depot by 2.1% during the 3rd quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after purchasing an additional 45 shares during the last quarter. Smith Salley & Associates lifted its position in shares of Home Depot by 2.8% during the 3rd quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock worth $398,000 after purchasing an additional 47 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Home Depot by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock worth $653,000 after purchasing an additional 47 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Home Depot by 1.6% during the 2nd quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Several equities analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Loop Capital upped their price target on Home Depot to $200.00 and gave the company a “hold” rating in a report on Wednesday, August 21st. Royal Bank of Canada upped their price target on Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Wells Fargo & Co upped their price target on Home Depot from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Guggenheim cut Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $229.77.

Shares of HD stock traded down $0.10 during trading hours on Friday, hitting $232.84. The company had a trading volume of 2,038,410 shares, compared to its average volume of 2,590,316. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $238.99. The firm has a market capitalization of $254.29 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.31 and a beta of 1.04. The firm’s fifty day moving average is $232.23 and its 200 day moving average is $214.66.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period in the prior year, the company posted $3.05 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts expect that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Carol B. Tome sold 145,400 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value 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 $108,725,760.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,508 shares of company stock worth $39,076,428. Corporate insiders own 0.27% of the company’s stock.

About Home Depot

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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