ELCO Management Co. LLC lowered its stake in shares of Home Depot Inc (NYSE:HD) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,135 shares of the home improvement retailer’s stock after selling 497 shares during the period. Home Depot comprises about 1.7% of ELCO Management Co. LLC’s investment portfolio, making the stock its 17th biggest holding. ELCO Management Co. LLC’s holdings in Home Depot were worth $3,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HD. Cypress Capital Management LLC grew its stake in shares of Home Depot by 0.5% during the 2nd quarter. Cypress Capital Management LLC now owns 60,671 shares of the home improvement retailer’s stock valued at $11,837,000 after purchasing an additional 315 shares during the period. Mogy Joel R Investment Counsel Inc. grew its stake in shares of Home Depot by 0.7% during the 2nd quarter. Mogy Joel R Investment Counsel Inc. now owns 111,348 shares of the home improvement retailer’s stock valued at $21,724,000 after purchasing an additional 748 shares during the period. Vishria Bird Financial Group LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $210,000. Bank of Hawaii grew its stake in shares of Home Depot by 11.6% during the 2nd quarter. Bank of Hawaii now owns 16,781 shares of the home improvement retailer’s stock valued at $3,274,000 after purchasing an additional 1,749 shares during the period. Finally, HMS Capital Management LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $327,000. 69.75% of the stock is owned by institutional investors.

HD stock opened at $184.54 on Friday. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a market cap of $207.91 billion, a PE ratio of 24.74, a P/E/G ratio of 1.39 and a beta of 1.10.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The firm had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. During the same period in the previous year, the firm earned $1.84 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Home Depot Inc will post 9.8 earnings per share for the current fiscal year.

In related news, CEO Craig A. Menear sold 117,327 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total value of $21,168,137.34. Following the transaction, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 13,457 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $172.64, for a total value of $2,323,216.48. Following the completion of the transaction, the executive vice president now directly owns 56,198 shares in the company, valued at $9,702,022.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 13,750 shares of company stock worth $2,401,470 and have sold 137,987 shares worth $24,769,526. 0.25% of the stock is owned by insiders.

HD has been the subject of a number of recent research reports. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, October 16th. Credit Suisse Group restated a “neutral” rating and set a $204.00 price target (down from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. ValuEngine downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Wells Fargo & Co cut their price target on Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. Finally, Morgan Stanley cut their price target on Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average target price of $204.60.

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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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