SlateStone Wealth LLC Sells 1,834 Shares of Home Depot Inc (NYSE:HD)

SlateStone Wealth LLC trimmed its stake in Home Depot Inc (NYSE:HD) by 11.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,673 shares of the home improvement retailer’s stock after selling 1,834 shares during the period. Home Depot comprises approximately 0.8% of SlateStone Wealth LLC’s holdings, making the stock its 29th largest position. SlateStone Wealth LLC’s holdings in Home Depot were worth $3,676,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Home Depot by 18.8% in the 1st quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock valued at $4,155,141,000 after purchasing an additional 3,515,402 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Home Depot by 28.6% in the 1st quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock valued at $3,934,286,000 after purchasing an additional 4,690,072 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Home Depot by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 16,956,982 shares of the home improvement retailer’s stock valued at $3,160,862,000 after purchasing an additional 191,403 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Home Depot by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 10,051,038 shares of the home improvement retailer’s stock valued at $1,876,628,000 after purchasing an additional 303,357 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Home Depot by 2.4% in the 1st quarter. Morgan Stanley now owns 9,255,927 shares of the home improvement retailer’s stock valued at $1,728,173,000 after purchasing an additional 216,078 shares during the last quarter. 69.65% of the stock is owned by institutional investors and hedge funds.

In other news, EVP William G. Lennie sold 17,993 shares of Home Depot 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 transaction, the executive vice president now directly owns 54,405 shares in the company, valued at approximately $12,840,668.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Several equities research analysts have recently issued reports on HD shares. Bank of America raised their price objective on Home Depot from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Gordon Haskett lowered Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. Loop Capital raised their price target on Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Oppenheimer started coverage on Home Depot in a research note on Friday, July 10th. They set a “buy” rating and a $274.00 price target for the company. Finally, Barclays reissued a “buy” rating and set a $260.00 price target (up from $235.00) on shares of Home Depot in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $256.30.

Shares of NYSE:HD opened at $265.49 on Friday. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $269.07. The business’s fifty day simple moving average is $252.21 and its 200-day simple moving average is $229.53. The company has a market capitalization of $286.42 billion, a PE ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Home Depot Inc will post 10.09 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 d├ęcor 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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