Segment Wealth Management LLC Buys 568 Shares of Home Depot Inc (NYSE:HD)

Segment Wealth Management LLC boosted its holdings in Home Depot Inc (NYSE:HD) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,322 shares of the home improvement retailer’s stock after buying an additional 568 shares during the period. Home Depot makes up about 1.4% of Segment Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Segment Wealth Management LLC’s holdings in Home Depot were worth $7,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen Asset Management LLC raised its holdings in Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after purchasing an additional 9,370,409 shares during the period. Morgan Stanley grew its stake in shares of Home Depot by 0.5% during the 2nd quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after purchasing an additional 44,258 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 0.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after purchasing an additional 25,410 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of Home Depot by 8.7% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock valued at $1,632,392,000 after acquiring an additional 478,602 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Home Depot by 2.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock valued at $1,151,422,000 after acquiring an additional 127,532 shares during the period. Institutional investors and hedge funds own 69.96% of the company’s stock.

In related news, EVP Edward P. Decker sold 22,908 shares of the firm’s 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 sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares in the company, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. Insiders have sold a total of 177,508 shares of company stock worth $39,076,428 in the last three months. Corporate insiders own 0.27% of the company’s stock.

A number of brokerages recently issued reports on HD. SunTrust Banks reiterated a “hold” rating and set a $208.00 price objective on shares of Home Depot in a research note on Wednesday, August 21st. Credit Suisse Group set a $213.00 price target on Home Depot and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Stifel Nicolaus upped their price target on Home Depot to $230.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Oppenheimer upped their price target on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, Morgan Stanley upped their price target on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and an average price target of $228.24.

Home Depot stock traded down $1.38 during mid-day trading on Thursday, hitting $233.29. The company’s stock had a trading volume of 96,926 shares, compared to its average volume of 3,111,367. The company has a 50 day moving average of $230.93 and a 200-day moving average of $212.19. The stock has a market cap of $259.77 billion, a PE ratio of 23.59, a P/E/G ratio of 2.32 and a beta of 1.05. Home Depot Inc has a one year low of $158.09 and a one year high of $238.99.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. During the same quarter in the prior year, the company earned $3.05 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

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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