Home Depot Inc (NYSE:HD) is Fiduciary Financial Services of The Southwest Inc. TX’s 5th Largest Position

Fiduciary Financial Services of The Southwest Inc. TX lessened its holdings in shares of Home Depot Inc (NYSE:HD) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,050 shares of the home improvement retailer’s stock after selling 142 shares during the period. Home Depot makes up 2.9% of Fiduciary Financial Services of The Southwest Inc. TX’s holdings, making the stock its 5th biggest position. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Home Depot were worth $10,684,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bath Savings Trust Co raised its position in shares of Home Depot by 7.7% in the 2nd quarter. Bath Savings Trust Co now owns 29,458 shares of the home improvement retailer’s stock worth $6,127,000 after acquiring an additional 2,109 shares in the last quarter. Cox Capital Mgt LLC raised its position in shares of Home Depot by 3.1% in the 2nd quarter. Cox Capital Mgt LLC now owns 14,935 shares of the home improvement retailer’s stock worth $3,106,000 after acquiring an additional 453 shares in the last quarter. Thomasville National Bank raised its position in shares of Home Depot by 17.7% in the 2nd quarter. Thomasville National Bank now owns 9,159 shares of the home improvement retailer’s stock worth $1,905,000 after acquiring an additional 1,377 shares in the last quarter. LVM Capital Management Ltd. MI raised its position in shares of Home Depot by 2.5% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 44,736 shares of the home improvement retailer’s stock worth $9,304,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its position in shares of Home Depot by 2.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,169 shares of the home improvement retailer’s stock worth $666,000 after acquiring an additional 69 shares in the last quarter. 69.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Home Depot stock opened at $233.89 on Friday. Home Depot Inc has a one year low of $158.09 and a one year high of $238.99. The firm has a market capitalization of $257.00 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.29 and a beta of 1.05. The business has a 50-day simple moving average of $231.12 and a 200 day simple moving average of $212.34.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $30.98 billion. During the same period in the previous year, the company posted $3.05 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

Several research firms have recently weighed in on HD. Wolfe Research began coverage on Home Depot in a research report on Tuesday, October 8th. They issued a “buy” rating and a $260.00 price objective for the company. Wedbush reissued a “neutral” rating and issued a $230.00 price objective (up from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. Wells Fargo & Co lifted their price objective on Home Depot from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. ValuEngine lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group set a $213.00 price objective on Home Depot and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $228.24.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the business’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 value of $5,203,552.20. Following the sale, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The disclosure for this sale can be found here. Insiders have sold a total of 177,508 shares of company stock valued at $39,076,428 over the last three months. 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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