Johnson Financial Group LLC cut its position in Home Depot, Inc. (The) (NYSE:HD) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,186 shares of the home improvement retailer’s stock after selling 307 shares during the period. Home Depot, Inc. (The) accounts for 0.4% of Johnson Financial Group LLC’s holdings, making the stock its 16th largest position. Johnson Financial Group LLC’s holdings in Home Depot, Inc. (The) were worth $488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the first quarter worth about $100,000. Advantage Investment Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $103,000. Riggs Asset Managment Co. Inc. increased its stake in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the period. CT Financial Advisors LLC increased its stake 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 worth $111,000 after buying an additional 3 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $131,000. 71.52% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (HD) traded up 0.6676% during midday trading on Monday, hitting $153.7698. The stock had a trading volume of 1,140,088 shares. The company has a market cap of $183.84 billion, a P/E ratio of 23.0091 and a beta of 1.08. The stock has a 50 day moving average of $152.13 and a 200-day moving average of $148.92. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The firm had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. Home Depot, Inc. (The)’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 earnings per share. Analysts forecast that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

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A number of research firms have recently weighed in on HD. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 price target for the company in a report on Monday, April 10th. BMO Capital Markets set a $176.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 price target (up from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Royal Bank Of Canada set a $166.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, BTIG Research increased their price target on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. Home Depot, Inc. (The) has a consensus rating of “Buy” and an average price target of $164.68.

In related news, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wayne M. Hewett purchased 350 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $157.11 per share, with a total value of $54,988.50. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $219,954. The disclosure for this purchase can be found here. Insiders sold 128,900 shares of company stock valued at $20,167,386 in the last three months. 0.26% of the stock is currently owned by company insiders.

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.

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

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