Home Depot Inc (HD) Shares Bought by Haverford Trust Co.

Haverford Trust Co. grew its holdings in Home Depot Inc (NYSE:HD) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 53,166 shares of the home improvement retailer’s stock after purchasing an additional 1,295 shares during the period. Haverford Trust Co.’s holdings in Home Depot were worth $8,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Paragon Wealth Strategies LLC raised its holdings in shares of Home Depot by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after acquiring an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Home Depot by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after acquiring an additional 7 shares in the last quarter. Silicon Valley Capital Partners raised its holdings in shares of Home Depot by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after acquiring an additional 9 shares in the last quarter. Mcdaniel Terry & Co. raised its holdings in shares of Home Depot by 0.5% during the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after acquiring an additional 9 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. raised its holdings in shares of Home Depot by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock worth $580,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.

Several brokerages recently issued reports on HD. Telsey Advisory Group increased their price objective on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Robert W. Baird reiterated an “outperform” rating and set a $195.00 price objective on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks increased their price objective on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, December 7th. Credit Suisse Group increased their price objective on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Bank of America increased their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Home Depot presently has an average rating of “Buy” and an average target price of $190.32.

Shares of Home Depot Inc (NYSE:HD) opened at $184.12 on Friday. Home Depot Inc has a 1 year low of $137.41 and a 1 year high of $207.60. The firm has a market capitalization of $211,619.48, a PE ratio of 25.57, a P/E/G ratio of 1.32 and a beta of 1.08. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same period last year, the business earned $1.60 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. analysts anticipate that Home Depot Inc will post 7.38 EPS for the current year.

Home Depot declared that its Board of Directors has approved a share repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

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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.

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

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