Sterling Investment Advisors Ltd. lifted its position in Home Depot Inc (NYSE:HD) by 725.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,683 shares of the home improvement retailer’s stock after acquiring an additional 1,479 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Home Depot were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mascoma Wealth Management LLC lifted its holdings in shares of Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC lifted its holdings in shares of Home Depot by 0.4% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Home Depot by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after purchasing an additional 7 shares during the last quarter. Silicon Valley Capital Partners lifted its holdings in shares of Home Depot by 0.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 9 shares during the last quarter. Finally, Mcdaniel Terry & Co. lifted its holdings in shares of Home Depot by 0.5% in the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after purchasing an additional 9 shares during the last quarter. Institutional investors own 70.14% of the company’s stock.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Several analysts recently issued reports on HD shares. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a report on Tuesday, December 12th. Deutsche Bank raised their price target on Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. SunTrust Banks raised their price target on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, December 7th. Citigroup reissued a “buy” rating and issued a $213.00 price target on shares of Home Depot in a report on Thursday, December 7th. Finally, BTIG Research lifted their target price on Home Depot to $215.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $184.39.

Home Depot Inc (NYSE HD) opened at $201.33 on Monday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market capitalization of $235,102.91, a price-to-earnings ratio of 27.96, a P/E/G ratio of 1.87 and a beta of 1.11. Home Depot Inc has a 1-year low of $134.60 and a 1-year high of $201.33.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. analysts anticipate that Home Depot Inc will post 7.39 earnings per share for the current fiscal year.

Home Depot announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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About Home Depot

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 (NYSE:HD)

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