Home Depot, Inc. (The) (HD) Shares Bought by First Mercantile Trust Co.

First Mercantile Trust Co. raised its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,244 shares of the home improvement retailer’s stock after purchasing an additional 263 shares during the period. First Mercantile Trust Co.’s holdings in Home Depot, Inc. (The) were worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Gamble Jones Investment Counsel raised its position in Home Depot, Inc. (The) by 1.4% during the 1st quarter. Gamble Jones Investment Counsel now owns 20,543 shares of the home improvement retailer’s stock valued at $3,016,000 after purchasing an additional 278 shares in the last quarter. Efficient Market Advisors LLC bought a new stake in Home Depot, Inc. (The) during the 1st quarter valued at $217,000. Braun Stacey Associates Inc. raised its position in Home Depot, Inc. (The) by 7.2% during the 1st quarter. Braun Stacey Associates Inc. now owns 132,778 shares of the home improvement retailer’s stock valued at $19,496,000 after purchasing an additional 8,927 shares in the last quarter. IFP Advisors Inc raised its position in Home Depot, Inc. (The) by 1.2% during the 1st quarter. IFP Advisors Inc now owns 71,498 shares of the home improvement retailer’s stock valued at $10,498,000 after purchasing an additional 868 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its position in Home Depot, Inc. (The) by 4.1% during the 1st quarter. Leavell Investment Management Inc. now owns 51,499 shares of the home improvement retailer’s stock valued at $7,562,000 after purchasing an additional 2,047 shares in the last quarter. 71.52% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a research report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $178.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a research report on Friday, August 11th. Wedbush reaffirmed a “market perform” rating on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $179.00 price target on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $172.38.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same quarter last year, the company posted $1.97 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis.

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In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the sale, the executive vice president now owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,717 shares of company stock worth $8,916,321. Corporate insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) 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, Inc. (The) (NYSE:HD)

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