Levin Capital Strategies L.P. cut its position in Home Depot Inc (NYSE:HD) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,033 shares of the home improvement retailer’s stock after selling 709 shares during the period. Levin Capital Strategies L.P.’s holdings in Home Depot were worth $1,177,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its position in Home Depot by 83.7% in the second quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock valued at $1,338,000 after buying an additional 3,125 shares in the last quarter. Amalgamated Bank boosted its position in Home Depot by 4.2% in the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after buying an additional 7,323 shares in the last quarter. Dupont Capital Management Corp boosted its position in Home Depot by 3.3% in the second quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock valued at $37,264,000 after buying an additional 6,025 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Home Depot by 3.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock valued at $1,143,434,000 after buying an additional 230,769 shares in the last quarter. Finally, Heritage Investors Management Corp boosted its position in Home Depot by 0.3% in the second quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock valued at $28,177,000 after buying an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.

In related news, EVP Matt Carey sold 4,125 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William G. Lennie sold 10,854 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of research firms have commented on HD. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Credit Suisse Group restated a “neutral” rating and issued a $204.00 price target (down from $222.00) on shares of Home Depot in a research report on Wednesday. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research report on Friday, October 5th. Loop Capital set a $200.00 target price on shares of Home Depot and gave the stock a “hold” rating in a research report on Wednesday, July 11th. Finally, Morgan Stanley upped their target price on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average target price of $206.68.

Shares of NYSE HD opened at $180.44 on Friday. Home Depot Inc has a fifty-two week low of $160.53 and a fifty-two week high of $215.43. The company has a market capitalization of $237.01 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The business had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same period in the prior year, the business posted $0.59 earnings per share. Home Depot’s revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Home Depot Inc will post 9.58 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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