Home Depot Inc (NYSE:HD) Holdings Boosted by Raymond James Trust N.A.

Raymond James Trust N.A. grew its stake in shares of Home Depot Inc (NYSE:HD) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,315 shares of the home improvement retailer’s stock after acquiring an additional 550 shares during the period. Home Depot accounts for 1.7% of Raymond James Trust N.A.’s investment portfolio, making the stock its 6th biggest holding. Raymond James Trust N.A.’s holdings in Home Depot were worth $38,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HD. Price Wealth LLC grew its holdings in shares of Home Depot by 138.5% during the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after acquiring an additional 72 shares in the last quarter. Selective Wealth Management Inc. grew its holdings in shares of Home Depot by 243.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Evolution Wealth Advisors LLC grew its holdings in shares of Home Depot by 138.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 111 shares in the last quarter. NuWave Investment Management LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at $57,000. Finally, Your Advocates Ltd. LLP grew its holdings in shares of Home Depot by 51.4% during the 2nd quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock valued at $57,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.

HD has been the topic of several research analyst reports. Credit Suisse Group restated a “buy” rating and set a $300.00 price target on shares of Home Depot in a report on Monday, August 17th. Wells Fargo & Company upped their price objective on shares of Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. They noted that the move was a valuation call. Loop Capital upped their price objective on shares of Home Depot from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. BofA Securities upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $290.00 to $330.00 in a report on Wednesday, August 19th. Finally, Gordon Haskett upgraded shares of Home Depot from a “hold” rating to an “accumulate” rating and set a $306.00 price objective for the company in a report on Wednesday, August 12th. Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $288.79.

In related news, EVP Matt Carey sold 13,680 shares of the company’s stock in a transaction dated Sunday, August 16th. The shares were sold at an average price of $194.35, for a total value of $2,658,708.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $279.83, for a total transaction of $11,738,029.01. In the last three months, insiders sold 119,304 shares of company stock worth $32,088,591. 0.26% of the stock is currently owned by insiders.

Shares of HD opened at $287.66 on Friday. The company has a 50-day simple moving average of $278.34 and a 200-day simple moving average of $251.27. The firm has a market capitalization of $309.65 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.38 and a beta of 1.09. Home Depot Inc has a 52 week low of $140.63 and a 52 week high of $292.95.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. The business had revenue of $38.05 billion for the quarter, compared to analysts’ expectations of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.17 earnings per share. Equities research analysts predict that Home Depot Inc will post 11.36 earnings per share for the current year.

Home Depot 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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