Westpac Banking Corp Buys 1,303 Shares of Home Depot Inc (NYSE:HD)

Westpac Banking Corp boosted its stake in shares of Home Depot Inc (NYSE:HD) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,393 shares of the home improvement retailer’s stock after buying an additional 1,303 shares during the quarter. Home Depot makes up approximately 0.7% of Westpac Banking Corp’s portfolio, making the stock its 24th largest holding. Westpac Banking Corp’s holdings in Home Depot were worth $44,171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Lindbrook Capital LLC raised its stake in Home Depot by 1.6% in the second 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 in the last quarter. First Command Financial Services Inc. raised its stake in Home Depot by 0.9% in 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 purchasing an additional 50 shares in the last quarter. Canton Hathaway LLC raised its stake in Home Depot by 4.3% in the second 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 in the last quarter. Mercer Capital Advisers Inc. raised its stake in Home Depot by 1.9% in the second 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 in the last quarter. Finally, Benin Management CORP raised its stake in Home Depot by 2.0% in the second 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 in the last quarter. Institutional investors own 69.81% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Loop Capital raised their target price on shares of Home Depot to $195.00 and gave the company a “hold” rating in a research note on Friday, July 19th. Stifel Nicolaus increased their price target on shares of Home Depot to $230.00 and gave the company a “buy” rating in a research report on Monday. Goldman Sachs Group initiated coverage on shares of Home Depot in a research report on Thursday, July 11th. They set a “buy” rating and a $235.00 price target on the stock. Wedbush set a $190.00 price target on shares of Home Depot and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average target price of $209.72.



In related news, EVP Matt Carey sold 34,688 shares of Home Depot stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $202.09, for a total value of $7,010,097.92. Following the sale, the executive vice president now owns 81,982 shares in the company, valued at $16,567,742.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 26,334 shares of Home Depot stock in a transaction on Friday, May 31st. The shares were sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the completion of the sale, the chief financial officer now owns 519,253 shares in the company, valued at approximately $98,227,090.01. The disclosure for this sale can be found here. Insiders sold 82,522 shares of company stock worth $16,156,831 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Shares of Home Depot stock traded up $1.86 on Friday, hitting $203.65. The stock had a trading volume of 84,391 shares, compared to its average volume of 3,004,569. Home Depot Inc has a one year low of $158.09 and a one year high of $219.30. The stock has a market cap of $229.22 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.93 and a beta of 1.12. The stock’s 50-day simple moving average is $212.09 and its two-hundred day simple moving average is $198.74.

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