Home Depot Inc (HD) is Macguire Cheswick & Tuttle Investment Counsel LLC’s 4th Largest Position

Macguire Cheswick & Tuttle Investment Counsel LLC trimmed its holdings in Home Depot Inc (NYSE:HD) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,900 shares of the home improvement retailer’s stock after selling 5,940 shares during the period. Home Depot comprises about 3.8% of Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings, making the stock its 4th largest position. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Home Depot were worth $18,546,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HD. Leavell Investment Management Inc. lifted its stake in shares of Home Depot by 4.1% in the first quarter. Leavell Investment Management Inc. now owns 51,499 shares of the home improvement retailer’s stock valued at $7,562,000 after buying an additional 2,047 shares in the last quarter. Taylor Cottrill Erickson & Associates Inc. raised its holdings in shares of Home Depot by 6.2% in the first quarter. Taylor Cottrill Erickson & Associates Inc. now owns 7,654 shares of the home improvement retailer’s stock valued at $1,124,000 after purchasing an additional 449 shares during the last quarter. iAB Financial Bank raised its holdings in shares of Home Depot by 4.7% in the first quarter. iAB Financial Bank now owns 4,262 shares of the home improvement retailer’s stock valued at $626,000 after purchasing an additional 192 shares during the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of Home Depot by 12.4% in the first quarter. Moloney Securities Asset Management LLC now owns 4,816 shares of the home improvement retailer’s stock valued at $707,000 after purchasing an additional 532 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Home Depot by 4.5% in the first quarter. Whittier Trust Co. now owns 76,458 shares of the home improvement retailer’s stock valued at $11,226,000 after purchasing an additional 3,260 shares during the last quarter. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on HD. Jefferies Group LLC reiterated a “buy” rating and issued a $182.00 target price on shares of Home Depot in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $178.00 target price on shares of Home Depot in a report on Wednesday, August 16th. Telsey Advisory Group reiterated an “outperform” rating on shares of Home Depot in a report on Friday, August 11th. Wedbush reiterated a “market perform” rating on shares of Home Depot in a report on Wednesday, August 16th. Finally, Citigroup Inc reiterated a “buy” rating and issued a $179.00 target price on shares of Home Depot in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $172.38.

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In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The disclosure for this sale can be found here. Insiders sold 57,717 shares of company stock valued at $8,916,321 over the last 90 days. 0.26% of the stock is owned by company insiders.

Home Depot Inc (NYSE HD) opened at $164.39 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. Home Depot Inc has a 1 year low of $120.06 and a 1 year high of $167.94. The company has a market cap of $193.79 billion, a P/E ratio of 23.38, a PEG ratio of 1.65 and a beta of 1.08.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. Home Depot had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. During the same period last year, the business earned $1.97 earnings per share. Home Depot’s revenue was up 6.2% compared to the same quarter last year. analysts predict that Home Depot Inc will post 7.32 EPS for the current fiscal year.

About Home Depot

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.

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

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