Professional Planning boosted its holdings in shares of Home Depot Inc (NYSE:HD) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,184 shares of the home improvement retailer’s stock after purchasing an additional 115 shares during the quarter. Home Depot makes up 3.2% of Professional Planning’s holdings, making the stock its 10th largest position. Professional Planning’s holdings in Home Depot were worth $4,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cedar Mountain Advisors LLC boosted its position in Home Depot by 4.5% during the second quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock worth $234,000 after acquiring an additional 40 shares during the last quarter. NTV Asset Management LLC raised its holdings in Home Depot by 0.5% in the 2nd quarter. NTV Asset Management LLC now owns 7,634 shares of the home improvement retailer’s stock valued at $1,912,000 after acquiring an additional 40 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its stake in Home Depot by 0.3% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 13,155 shares of the home improvement retailer’s stock worth $3,295,000 after purchasing an additional 40 shares in the last quarter. TCG Advisors LP boosted its holdings in shares of Home Depot by 3.0% during the 2nd quarter. TCG Advisors LP now owns 1,381 shares of the home improvement retailer’s stock worth $346,000 after purchasing an additional 40 shares during the last quarter. Finally, Alpha Windward LLC grew its position in shares of Home Depot by 1.4% in the second quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock valued at $767,000 after purchasing an additional 41 shares in the last quarter. 69.00% of the stock is currently owned by institutional investors.

HD has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price objective on Home Depot from $306.00 to $332.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Argus raised their price objective on shares of Home Depot from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Exane BNP Paribas began coverage on shares of Home Depot in a research note on Monday, October 5th. They set an “outperform” rating and a $310.00 target price on the stock. Gordon Haskett raised shares of Home Depot from a “hold” rating to an “accumulate” rating and set a $306.00 price target for the company in a research note on Wednesday, August 12th. Finally, Loop Capital lifted their price target on shares of Home Depot from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $288.79.

Shares of NYSE HD opened at $287.66 on Friday. The stock has a market cap of $309.65 billion, a P/E ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09. The business’s fifty day simple moving average is $278.34 and its 200-day simple moving average is $251.27. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $292.95.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.82. The company had revenue of $38.05 billion for the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. Home Depot’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.17 EPS. As a group, sell-side analysts expect that Home Depot Inc will post 11.36 earnings per share for the current fiscal year.

In other news, EVP Matt Carey sold 50,478 shares of Home Depot stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the completion of the sale, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William G. Lennie sold 13,199 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the transaction, the executive vice president now owns 49,736 shares of the company’s stock, valued at approximately $14,086,229.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,304 shares of company stock worth $32,088,591. 0.26% of the stock is owned by corporate insiders.

About Home Depot

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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