Main Street Research LLC reduced its position in Home Depot Inc (NYSE:HD) by 94.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,867 shares of the home improvement retailer’s stock after selling 34,722 shares during the quarter. Main Street Research LLC’s holdings in Home Depot were worth $468,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC raised its holdings in Home Depot by 4.5% in the second quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock worth $234,000 after purchasing an additional 40 shares in the last quarter. Alpha Windward LLC raised its holdings in Home Depot by 1.4% in the second quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock worth $767,000 after purchasing an additional 41 shares in the last quarter. Iron Financial LLC raised its holdings in Home Depot by 2.9% in the second quarter. Iron Financial LLC now owns 1,449 shares of the home improvement retailer’s stock worth $363,000 after purchasing an additional 41 shares in the last quarter. Tranquility Partners LLC raised its holdings in Home Depot by 1.3% in the second quarter. Tranquility Partners LLC now owns 3,297 shares of the home improvement retailer’s stock worth $826,000 after purchasing an additional 41 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC raised its holdings in Home Depot by 15.2% in the first quarter. Bay Harbor Wealth Management LLC now owns 318 shares of the home improvement retailer’s stock worth $59,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.
In related news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the transaction, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.
Shares of HD stock opened at $265.49 on Friday. The company has a market cap of $286.42 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06. The stock has a 50 day simple moving average of $252.21 and a 200-day simple moving average of $229.53. Home Depot Inc has a 1-year low of $140.63 and a 1-year high of $269.07.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The firm had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts forecast that Home Depot Inc will post 10.09 EPS for the current 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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