Home Depot Inc (HD) Shares Sold by Covington Capital Management

Covington Capital Management reduced its stake in Home Depot Inc (NYSE:HD) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,225 shares of the home improvement retailer’s stock after selling 5,156 shares during the quarter. Home Depot comprises approximately 1.1% of Covington Capital Management’s holdings, making the stock its 24th largest position. Covington Capital Management’s holdings in Home Depot were worth $16,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Home Depot by 0.8% in the first quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after purchasing an additional 604,634 shares during the last quarter. Geode Capital Management LLC lifted its stake in Home Depot by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock worth $2,207,871,000 after purchasing an additional 259,863 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Home Depot by 1.4% in the fourth quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock worth $1,550,423,000 after purchasing an additional 115,794 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Home Depot by 3.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after purchasing an additional 230,769 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Home Depot by 17.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock worth $1,121,990,000 after purchasing an additional 899,399 shares during the last quarter. 69.19% of the stock is currently owned by hedge funds and other institutional investors.

In other Home Depot news, EVP Mark Holifield sold 45,549 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total value of $8,510,375.16. Following the sale, the executive vice president now directly owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephanie Linnartz bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was bought at an average cost of $187.57 per share, for a total transaction of $187,570.00. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

Home Depot opened at $196.30 on Friday, Marketbeat Ratings reports. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. The stock has a market capitalization of $228.49 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.51 and a beta of 1.14. Home Depot Inc has a 1-year low of $146.89 and a 1-year high of $207.60.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, topping the consensus estimate of $2.05 by $0.03. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The firm had revenue of $24.95 billion for the quarter, compared to analyst estimates of $25.17 billion. During the same period in the prior year, the business posted $1.67 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. equities analysts expect that Home Depot Inc will post 9.46 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. UBS Group lifted their price objective on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, June 20th. ValuEngine raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Loop Capital set a $200.00 price target on shares of Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Finally, Wells Fargo & Co assumed coverage on shares of Home Depot in a report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $198.32.

Home Depot Profile

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 décor 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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