Pinnacle Financial Partners Inc. Buys 527 Shares of Home Depot, Inc. (The) (HD)

Pinnacle Financial Partners Inc. boosted its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,216 shares of the home improvement retailer’s stock after acquiring an additional 527 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Home Depot, Inc. (The) were worth $1,721,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc raised its position in Home Depot, Inc. (The) by 3.0% during the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after acquiring an additional 2,133 shares in the last quarter. Smithfield Trust Co. raised its position in Home Depot, Inc. (The) by 0.3% during the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock valued at $1,287,000 after acquiring an additional 25 shares in the last quarter. Quantitative Systematic Strategies LLC raised its position in Home Depot, Inc. (The) by 12.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock valued at $3,001,000 after acquiring an additional 2,139 shares in the last quarter. Karp Capital Management Corp purchased a new position in Home Depot, Inc. (The) during the first quarter valued at approximately $99,739,000. Finally, BP PLC raised its position in Home Depot, Inc. (The) by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock valued at $27,459,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors own 71.52% of the company’s stock.

Home Depot, Inc. (NYSE HD) opened at $164.39 on Friday. Home Depot, Inc. has a 12 month low of $120.06 and a 12 month high of $167.94. The company has a market capitalization of $193,785.89, a price-to-earnings ratio of 23.62, a PEG ratio of 1.66 and a beta of 1.08. The company has a quick ratio of 0.48, a current ratio of 1.30 and a debt-to-equity ratio of 6.87.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same quarter in the prior year, the company posted $1.97 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. sell-side analysts expect that Home Depot, Inc. will post 7.32 earnings per share for the current year.

HD has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $179.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group set a $171.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Friday, October 13th. Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Friday, October 13th. Gordon Haskett initiated coverage on Home Depot, Inc. (The) in a research report on Tuesday, October 3rd. They issued a “buy” rating and a $189.00 price objective for the company. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $164.00 price objective on shares of Home Depot, Inc. (The) in a research report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $172.38.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the transaction, the executive vice president now owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction 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 approximately $4,984,977.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,717 shares of company stock worth $8,916,321. Corporate insiders own 0.26% of the company’s stock.

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Home Depot, Inc. (The) Company 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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