Tufton Capital Management bought a new stake in shares of Home Depot, Inc. (The) (NYSE:HD) during the first quarter, Holdings Channel reports. The firm bought 1,488 shares of the home improvement retailer’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advantage Investment Management LLC acquired a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $103,000. CT Financial Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $131,000. University of Texas Investment Managment Co. acquired a new position in shares of Home Depot, Inc. (The) during the first quarter valued at about $132,000. Finally, Peoples Financial Services CORP. raised its position in shares of Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after buying an additional 125 shares in the last quarter. 71.63% of the stock is currently owned by institutional investors.

Shares of Home Depot, Inc. (HD) opened at 153.89 on Tuesday. The stock has a 50 day moving average price of $155.07 and a 200-day moving average price of $146.38. The stock has a market cap of $183.98 billion, a P/E ratio of 23.03 and a beta of 1.09. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/07/18/tufton-capital-management-invests-218000-in-home-depot-inc-the-nysehd.html.

Several brokerages recently issued reports on HD. Stifel Nicolaus reaffirmed a “buy” rating and set a $178.00 target price (up from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 target price on the stock in a research report on Tuesday, May 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, July 12th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Wednesday, July 12th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $165.00 target price (up from $150.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $164.67.

In other Home Depot, Inc. (The) news, Director Wayne M. Hewett acquired 350 shares of the stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $157.11 per share, with a total value of $54,988.50. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $219,954. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 7,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the sale, the executive vice president now directly owns 54,091 shares in the company, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. Insiders sold a total of 128,900 shares of company stock worth $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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot, Inc. (The) (NYSE:HD).

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

Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.