SlateStone Wealth LLC Trims Position in Home Depot Inc (NYSE:HD)

SlateStone Wealth LLC cut its holdings in shares of Home Depot Inc (NYSE:HD) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,673 shares of the home improvement retailer’s stock after selling 1,834 shares during the period. Home Depot accounts for 0.8% of SlateStone Wealth LLC’s portfolio, making the stock its 29th biggest position. SlateStone Wealth LLC’s holdings in Home Depot were worth $3,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price Wealth LLC increased 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 buying an additional 72 shares during the period. Selective Wealth Management Inc. increased 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 buying an additional 100 shares during the period. Your Advocates Ltd. LLP purchased a new position in shares of Home Depot during the first quarter valued at approximately $27,000. Lion Street Advisors LLC purchased a new position in shares of Home Depot during the first quarter valued at approximately $28,000. Finally, Evolution Wealth Advisors LLC increased 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 buying an additional 111 shares during the period. 69.65% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the transaction, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

Shares of NYSE:HD opened at $265.49 on Friday. The company has a market cap of $286.42 billion, a P/E ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $269.07. The stock’s fifty day moving average price is $252.21 and its 200-day moving average price is $229.53.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). The business had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share. On average, sell-side analysts expect that Home Depot Inc will post 10.09 EPS for the current year.

Several research firms have recently issued reports on HD. Royal Bank of Canada boosted their target price on Home Depot from $261.00 to $266.00 in a research note on Wednesday, May 20th. Raymond James upped their price target on Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Robert W. Baird upped their price target on Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Morgan Stanley upped their price target on Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Finally, Jefferies Financial Group upped their price target on Home Depot from $228.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $256.30.

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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