Tranquility Partners LLC Buys 41 Shares of Home Depot Inc (NYSE:HD)

Tranquility Partners LLC grew its stake in shares of Home Depot Inc (NYSE:HD) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,297 shares of the home improvement retailer’s stock after buying an additional 41 shares during the period. Tranquility Partners LLC’s holdings in Home Depot were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of Home Depot by 18.8% during 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 in the last quarter. Capital Research Global Investors raised its position in 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 buying an additional 4,690,072 shares during the last quarter. Geode Capital Management LLC raised its position in 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 buying an additional 191,403 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Home Depot by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 10,051,038 shares of the home improvement retailer’s stock worth $1,876,628,000 after purchasing an additional 303,357 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Home Depot by 2.4% during the 1st quarter. Morgan Stanley now owns 9,255,927 shares of the home improvement retailer’s stock worth $1,728,173,000 after purchasing an additional 216,078 shares during the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.

HD opened at $265.49 on Friday. The business has a fifty day simple moving average of $252.21 and a 200 day simple moving average of $229.53. The company has a market capitalization of $286.42 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $269.07.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). The firm had revenue of $28.26 billion during the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 earnings per share. On average, sell-side analysts predict that Home Depot Inc will post 10.09 EPS for the current year.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares in the company, valued at approximately $12,840,668.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Several research analysts have weighed in on HD shares. Oppenheimer started coverage on Home Depot in a research report on Friday, July 10th. They set a “buy” rating and a $274.00 price target on the stock. Gordon Haskett lowered Home Depot from an “accumulate” rating to a “hold” rating in a research report on Wednesday, April 22nd. Wells Fargo & Co boosted their price target on Home Depot from $270.00 to $295.00 and gave the stock an “overweight” rating in a research report on Tuesday. Piper Sandler boosted their price target on Home Depot from $231.00 to $236.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. They noted that the move was a valuation call. Finally, SunTrust Banks lowered their price target on Home Depot from $240.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $256.30.

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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