Logan Capital Management Inc. lowered its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,818 shares of the home improvement retailer’s stock after selling 4,645 shares during the period. Home Depot, Inc. (The) accounts for 1.5% of Logan Capital Management Inc.’s holdings, making the stock its 17th largest position. Logan Capital Management Inc.’s holdings in Home Depot, Inc. (The) were worth $19,942,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Baystate Wealth Management LLC raised its position in Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock worth $441,000 after buying an additional 1,831 shares during the last quarter. Paragon Wealth Strategies LLC raised its position in Home Depot, Inc. (The) by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock worth $267,000 after buying an additional 286 shares during the last quarter. Norges Bank acquired a new position in Home Depot, Inc. (The) during the fourth quarter worth approximately $1,502,692,000. Farmers & Merchants Investments Inc. raised its position in Home Depot, Inc. (The) by 5.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 26,896 shares of the home improvement retailer’s stock worth $3,949,000 after buying an additional 1,500 shares during the last quarter. Finally, McQueen Ball & Associates Inc. acquired a new position in Home Depot, Inc. (The) during the first quarter worth approximately $226,000. Institutional investors own 71.52% of the company’s stock.

Home Depot, Inc. (NYSE:HD) traded down 0.531% on Thursday, hitting $154.435. 1,035,378 shares of the stock were exchanged. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The company has a 50-day moving average price of $151.43 and a 200 day moving average price of $149.46. The company has a market capitalization of $184.64 billion, a PE ratio of 23.109 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

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A number of equities analysts have recently commented on HD shares. BTIG Research lifted their price objective on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.56 price objective on the stock in a research note on Tuesday, June 6th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Wednesday, July 12th. Jefferies Group LLC lifted their price objective on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $164.72.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the sale, the executive vice president now owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wayne M. Hewett purchased 350 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $157.11 per share, with a total value of $54,988.50. Following the transaction, the director now directly owns 1,400 shares in the company, valued at $219,954. The disclosure for this purchase can be found here. Insiders sold a total of 128,900 shares of company stock valued at $20,167,386 in the last ninety days. 0.26% of the stock is owned by corporate insiders.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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