Lyell Wealth Management LP grew its stake in Home Depot Inc (NYSE:HD) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,636 shares of the home improvement retailer’s stock after purchasing an additional 512 shares during the period. Home Depot makes up approximately 1.6% of Lyell Wealth Management LP’s holdings, making the stock its 19th largest holding. Lyell Wealth Management LP’s holdings in Home Depot were worth $4,896,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in HD. Senator Investment Group LP bought a new stake in Home Depot during the 2nd quarter worth approximately $234,120,000. Morgan Stanley grew its position in Home Depot by 11.4% during the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after acquiring an additional 991,466 shares during the last quarter. Bank of Montreal Can grew its position in Home Depot by 29.3% during the 3rd quarter. Bank of Montreal Can now owns 2,857,124 shares of the home improvement retailer’s stock worth $591,853,000 after acquiring an additional 648,046 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in Home Depot in the 2nd quarter valued at $97,617,000. Finally, Cornerstone Wealth Management LLC boosted its position in Home Depot by 78.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,052,125 shares of the home improvement retailer’s stock valued at $6,349,000 after buying an additional 461,616 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.
A number of research analysts have commented on the company. Robert W. Baird decreased their price objective on Home Depot from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 13th. Morgan Stanley cut their price target on Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Loop Capital dropped their price objective on Home Depot from $200.00 to $180.00 and set a “hold” rating on the stock in a research note on Tuesday, November 13th. Credit Suisse Group set a $204.00 price objective on Home Depot and gave the stock a “hold” rating in a research note on Tuesday, November 13th. Finally, Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $204.60.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.84 EPS. As a group, research analysts predict that Home Depot Inc will post 9.81 earnings per share for the current fiscal year.
In related news, Director Wayne M. Hewett bought 250 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were bought at an average price of $169.62 per share, with a total value of $42,405.00. Following the transaction, the director now owns 3,000 shares in the company, valued at $508,860. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 13,457 shares of Home Depot stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the sale, the executive vice president now owns 56,198 shares of the company’s stock, valued at $9,702,022.72. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 13,750 shares of company stock valued at $2,401,470 and have sold 137,987 shares valued at $24,769,526. Company insiders own 0.25% of the company’s stock.
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Home Depot Company 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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