Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Home Depot Inc (NYSE:HD) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,471,167 shares of the home improvement retailer’s stock after selling 17,000 shares during the period. Home Depot comprises about 0.7% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 22nd largest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in Home Depot were worth $404,184,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HD. Paragon Wealth Strategies LLC boosted its position in shares of Home Depot by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after buying an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Home Depot by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after buying an additional 7 shares during the period. Mcdaniel Terry & Co. boosted its position in shares of Home Depot by 0.5% during the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after buying an additional 9 shares during the period. Cutter & CO Brokerage Inc. boosted its position in shares of Home Depot by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock worth $580,000 after buying an additional 10 shares during the period. Finally, Fort Pitt Capital Group LLC boosted its position in shares of Home Depot by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer’s stock worth $528,000 after buying an additional 10 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on HD. Telsey Advisory Group upped their price objective on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $195.00 price objective on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks upped their price objective on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Credit Suisse Group upped their price objective on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Bank of America upped their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $190.32.

In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Shares of Home Depot Inc (NYSE HD) opened at $183.72 on Wednesday. The stock has a market capitalization of $214,935.88, a P/E ratio of 25.56, a P/E/G ratio of 1.34 and a beta of 1.08. Home Depot Inc has a 12-month low of $139.34 and a 12-month high of $207.60. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.

Home Depot (NYSE:HD) last issued its quarterly 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 the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. analysts forecast that Home Depot Inc will post 7.38 EPS for the current fiscal year.

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

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Home Depot 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 (NYSE:HD)

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