Raymond James Trust N.A. grew its position in shares of Home Depot Inc (NYSE:HD) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,315 shares of the home improvement retailer’s stock after buying an additional 550 shares during the quarter. Home Depot makes up about 1.7% of Raymond James Trust N.A.’s investment portfolio, making the stock its 6th biggest position. Raymond James Trust N.A.’s holdings in Home Depot were worth $38,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price Wealth LLC grew its stake in shares of Home Depot by 138.5% during the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 72 shares during the last quarter. Selective Wealth Management Inc. grew its stake in shares of Home Depot by 243.9% during the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Evolution Wealth Advisors LLC grew its stake in shares of Home Depot by 138.8% during the second quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 111 shares during the last quarter. NuWave Investment Management LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $57,000. Finally, Your Advocates Ltd. LLP grew its stake in shares of Home Depot by 51.4% during the second quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock valued at $57,000 after purchasing an additional 75 shares during the last quarter. 69.00% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on HD. Loop Capital increased their price objective on shares of Home Depot from $275.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Argus increased their price objective on shares of Home Depot from $300.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Wedbush increased their price objective on shares of Home Depot from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Jefferies Financial Group increased their price objective on shares of Home Depot from $306.00 to $332.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, DA Davidson began coverage on shares of Home Depot in a report on Friday, August 14th. They issued a “neutral” rating and a $290.00 price objective on the stock. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $288.79.

Shares of HD opened at $287.66 on Friday. The firm has a 50-day moving average of $278.34 and a 200-day moving average of $251.27. Home Depot Inc has a one year low of $140.63 and a one year high of $292.95. The company has a market cap of $309.65 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The business had revenue of $38.05 billion during the quarter, compared to analysts’ expectations of $32.13 billion. During the same quarter in the previous year, the company earned $3.17 EPS. The business’s revenue was up 23.4% on a year-over-year basis. As a group, analysts expect that Home Depot Inc will post 11.36 earnings per share for the current year.

In other Home Depot news, EVP William G. Lennie sold 13,199 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total value of $3,738,220.78. Following the completion of the sale, the executive vice president now owns 49,736 shares in the company, valued at approximately $14,086,229.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 50,478 shares of Home Depot stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the completion of the sale, the executive vice president now owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. Insiders sold a total of 119,304 shares of company stock valued at $32,088,591 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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