United Bank continued to hold its stake in Home Depot, Inc. (The) (NYSE:HD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,792 shares of the home improvement retailer’s stock at the end of the 2nd quarter. United Bank’s holdings in Home Depot, Inc. (The) were worth $735,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in Home Depot, Inc. (The) during the 1st quarter worth $100,000. Riggs Asset Managment Co. Inc. grew its position in Home Depot, Inc. (The) by 114.1% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after acquiring an additional 397 shares during the last quarter. St. Johns Investment Management Company LLC grew its position in Home Depot, Inc. (The) by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after acquiring an additional 495 shares during the last quarter. Mascoma Wealth Management LLC grew its position in Home Depot, Inc. (The) by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after acquiring an additional 7 shares during the last quarter. Finally, Peoples Financial Services CORP. grew its position in Home Depot, Inc. (The) by 12.2% during the 2nd quarter. Peoples Financial Services CORP. now owns 1,150 shares of the home improvement retailer’s stock worth $176,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.

Home Depot, Inc. (HD) opened at 163.43 on Friday. The firm has a market capitalization of $192.65 billion, a P/E ratio of 23.52 and a beta of 1.07. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $166.63. The company’s 50-day moving average price is $161.31 and its 200-day moving average price is $154.62.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. During the same period last year, the business posted $1.97 earnings per share. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts expect that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on HD shares. Bank of America Corporation restated a “buy” rating and set a $170.00 price objective on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 5th. Vetr raised Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 target price on the stock in a report on Monday, August 28th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $172.38.

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In other news, EVP Ann Marie Campbell sold 10,717 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the transaction, the executive vice president now directly owns 64,810 shares in the company, valued at $9,877,044. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock valued at $8,916,321 over the last quarter. Company insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Company Profile

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.

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

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