Schaper Benz & Wise Investment Counsel Inc. WI cut its stake in Home Depot Inc (NYSE:HD) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,715 shares of the home improvement retailer’s stock after selling 603 shares during the period. Home Depot accounts for 2.2% of Schaper Benz & Wise Investment Counsel Inc. WI’s portfolio, making the stock its 13th largest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Home Depot were worth $17,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC grew its position in Home Depot by 3,457.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after buying an additional 9,370,409 shares in the last quarter. Morgan Stanley grew its position in Home Depot by 0.5% in the 2nd quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after buying an additional 44,258 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Home Depot by 0.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after buying an additional 25,410 shares in the last quarter. Fisher Asset Management LLC grew its position in Home Depot by 26.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock valued at $1,423,472,000 after buying an additional 1,280,467 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in Home Depot by 8.7% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock valued at $1,632,392,000 after buying an additional 478,602 shares in the last quarter. 70.02% of the stock is currently owned by institutional investors and hedge funds.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the transaction, the executive vice president now owns 84,123 shares in the company, valued at $18,511,266.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the transaction, the executive vice president now owns 87,343 shares in the company, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. Insiders sold 177,508 shares of company stock valued at $39,076,428 over the last three months. 0.27% of the stock is owned by insiders.

Shares of NYSE:HD traded down $0.10 during trading hours on Friday, hitting $232.84. 2,088,326 shares of the company’s stock traded hands, compared to its average volume of 2,590,316. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $238.99. The company’s fifty day simple moving average is $232.18 and its two-hundred day simple moving average is $214.53. The company has a market cap of $254.29 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. During the same period last year, the company posted $3.05 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Home Depot Inc will post 10.12 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. UBS Group increased their target price on shares of Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Argus set a $240.00 target price on shares of Home Depot and gave the company a “buy” rating in a research report on Wednesday, August 21st. Robert W. Baird increased their target price on shares of Home Depot from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. KeyCorp reiterated a “hold” rating on shares of Home Depot in a research report on Wednesday, August 21st. Finally, Gabelli lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $229.77.

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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