Ridgewood Investments LLC lowered its position in Home Depot Inc (NYSE:HD) by 13.2% during the third quarter, Holdings Channel reports. The institutional investor owned 4,526 shares of the home improvement retailer’s stock after selling 689 shares during the quarter. Home Depot comprises approximately 1.0% of Ridgewood Investments LLC’s investment portfolio, making the stock its 19th largest holding. Ridgewood Investments LLC’s holdings in Home Depot were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Armbruster Capital Management Inc. increased its position in Home Depot by 6.6% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,386 shares of the home improvement retailer’s stock valued at $347,000 after buying an additional 86 shares in the last quarter. Bruderman Asset Management LLC grew its stake in shares of Home Depot by 8.5% during the second quarter. Bruderman Asset Management LLC now owns 28,186 shares of the home improvement retailer’s stock worth $6,994,000 after acquiring an additional 2,206 shares during the last quarter. Fiduciary Planning LLC increased its holdings in shares of Home Depot by 10.8% during the second quarter. Fiduciary Planning LLC now owns 5,660 shares of the home improvement retailer’s stock valued at $1,503,000 after acquiring an additional 552 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Home Depot by 1.5% during the second quarter. Grove Bank & Trust now owns 7,798 shares of the home improvement retailer’s stock valued at $1,953,000 after acquiring an additional 113 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC raised its position in shares of Home Depot by 3.2% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 32,755 shares of the home improvement retailer’s stock valued at $8,192,000 after purchasing an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

In related news, EVP Matt Carey sold 13,680 shares of Home Depot stock in a transaction that occurred on Sunday, August 16th. The stock was sold at an average price of $194.35, for a total transaction of $2,658,708.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William G. Lennie sold 13,199 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total value of $3,738,220.78. Following the transaction, the executive vice president now directly owns 49,736 shares in the company, valued at approximately $14,086,229.92. The disclosure for this sale can be found here. Insiders sold 119,304 shares of company stock valued at $32,088,591 over the last quarter. Company insiders own 0.26% of the company’s stock.

NYSE:HD opened at $287.66 on Friday. The stock has a 50 day moving average of $278.34 and a two-hundred day moving average of $251.27. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $292.95. The firm has a market cap of $309.65 billion, a P/E 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 results on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.82. The firm had revenue of $38.05 billion during the quarter, compared to analysts’ expectations of $32.13 billion. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.17 earnings per share. Analysts anticipate that Home Depot Inc will post 11.36 earnings per share for the current year.

A number of research analysts have issued reports on the stock. Nomura Instinet upped their price target on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. BofA Securities upgraded Home Depot from a “neutral” rating to a “buy” rating and raised their target price for the stock from $290.00 to $330.00 in a research note on Wednesday, August 19th. BNP Paribas began coverage on Home Depot in a research report on Monday, October 5th. They set an “outperform” rating and a $310.00 price target for the company. Morgan Stanley increased their price objective on Home Depot from $295.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Finally, Gordon Haskett raised Home Depot from a “hold” rating to an “accumulate” rating and set a $306.00 target price for the company in a report on Wednesday, August 12th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average price target of $288.79.

Home Depot Profile

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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