Taylor Wealth Management Partners boosted its holdings in shares of Home Depot Inc (NYSE:HD) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,907 shares of the home improvement retailer’s stock after purchasing an additional 486 shares during the quarter. Home Depot comprises about 2.3% of Taylor Wealth Management Partners’ investment portfolio, making the stock its 14th largest position. Taylor Wealth Management Partners’ holdings in Home Depot were worth $4,973,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Cedar Mountain Advisors LLC grew its position in Home Depot by 4.5% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock valued at $234,000 after acquiring an additional 40 shares during the last quarter. NTV Asset Management LLC boosted its stake in shares of Home Depot by 0.5% during the second quarter. NTV Asset Management LLC now owns 7,634 shares of the home improvement retailer’s stock valued at $1,912,000 after purchasing an additional 40 shares during the period. Birch Hill Investment Advisors LLC grew its holdings in shares of Home Depot by 0.3% in the second quarter. Birch Hill Investment Advisors LLC now owns 13,155 shares of the home improvement retailer’s stock worth $3,295,000 after purchasing an additional 40 shares during the last quarter. TCG Advisors LP grew its holdings in shares of Home Depot by 3.0% in the second quarter. TCG Advisors LP now owns 1,381 shares of the home improvement retailer’s stock worth $346,000 after purchasing an additional 40 shares during the last quarter. Finally, Alpha Windward LLC lifted its holdings in Home Depot by 1.4% during the 2nd quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock valued at $767,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.

Several analysts have recently weighed in on HD shares. Jefferies Financial Group lifted their price target on shares of Home Depot from $306.00 to $332.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Telsey Advisory Group upped their target price on Home Depot from $290.00 to $300.00 and gave the stock a “market perform” rating in a report on Wednesday, August 19th. Raymond James raised their price target on Home Depot from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Exane BNP Paribas began coverage on Home Depot in a report on Monday, October 5th. They issued an “outperform” rating and a $310.00 price objective for the company. Finally, Bank of America upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the stock from $290.00 to $330.00 in a report on Wednesday, August 19th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus price target of $288.79.

In related news, EVP Teresa Wynn Roseborough sold 41,947 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $279.83, for a total value of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 62,735 shares in the company, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. Insiders sold 119,304 shares of company stock worth $32,088,591 over the last three months. Corporate insiders own 0.26% of the company’s stock.

NYSE HD opened at $287.66 on Friday. The company has a fifty day simple moving average of $278.34 and a two-hundred day simple moving average of $251.27. The stock has a market cap of $309.65 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.38 and a beta of 1.09. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $292.95.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.82. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The firm had revenue of $38.05 billion for the quarter, compared to the consensus estimate of $32.13 billion. During the same period in the prior year, the firm earned $3.17 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. On average, sell-side analysts forecast that Home Depot Inc will post 11.36 earnings per share for the current year.

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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