Watch Point Trust Co Purchases 730 Shares of Home Depot Inc (NYSE:HD)

Watch Point Trust Co increased its position in Home Depot Inc (NYSE:HD) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,798 shares of the home improvement retailer’s stock after purchasing an additional 730 shares during the period. Watch Point Trust Co’s holdings in Home Depot were worth $1,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC increased 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 valued at $635,000 after purchasing an additional 49 shares during the last quarter. First Command Financial Services Inc. increased its position in shares of Home Depot by 0.9% during the 2nd quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock valued at $1,167,000 after purchasing an additional 50 shares during the last quarter. Canton Hathaway LLC increased its position in shares of Home Depot by 4.3% during the 2nd quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock valued at $250,000 after purchasing an additional 50 shares during the last quarter. Mercer Capital Advisers Inc. increased its position in shares of Home Depot by 1.9% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 2,730 shares of the home improvement retailer’s stock valued at $568,000 after purchasing an additional 50 shares during the last quarter. Finally, Benin Management CORP increased its position in shares of Home Depot by 2.0% during the 2nd quarter. Benin Management CORP now owns 2,591 shares of the home improvement retailer’s stock valued at $539,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.

In other Home Depot news, CFO Carol B. Tome sold 26,334 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the completion of the transaction, the chief financial officer now owns 519,253 shares in the company, valued at approximately $98,227,090.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the transaction, the executive vice president now owns 64,575 shares of the company’s stock, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,522 shares of company stock valued at $16,156,831. 0.27% of the stock is owned by corporate insiders.



HD traded up $1.86 during trading hours on Friday, hitting $203.65. The stock had a trading volume of 3,983,300 shares, compared to its average volume of 3,081,796. The company’s fifty day simple moving average is $211.99 and its 200 day simple moving average is $198.76. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $219.30. The stock has a market cap of $221.81 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, topping the consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The business had revenue of $26.38 billion during the quarter, compared to the consensus estimate of $26.34 billion. During the same quarter last year, the company earned $2.08 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts predict that Home Depot Inc will post 10.1 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on HD. ValuEngine lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co lifted their price objective on Home Depot from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada decreased their price objective on Home Depot from $223.00 to $217.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $192.00 price objective on shares of Home Depot in a report on Wednesday, May 1st. Finally, Wedbush set a $190.00 price objective on Home Depot and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $210.12.

Home Depot 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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