Providence Capital Advisors LLC grew its position in shares of Home Depot Inc (NYSE:HD) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,160 shares of the home improvement retailer’s stock after buying an additional 484 shares during the period. Home Depot makes up 1.5% of Providence Capital Advisors LLC’s holdings, making the stock its 20th biggest position. Providence Capital Advisors LLC’s holdings in Home Depot were worth $2,312,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. South State Corp boosted its stake in shares of Home Depot by 1.8% during the third quarter. South State Corp now owns 82,968 shares of the home improvement retailer’s stock valued at $17,187,000 after purchasing an additional 1,498 shares in the last quarter. Zeke Capital Advisors LLC lifted its stake in shares of Home Depot by 5.6% in the third quarter. Zeke Capital Advisors LLC now owns 28,962 shares of the home improvement retailer’s stock worth $5,999,000 after acquiring an additional 1,537 shares during the period. Commonwealth Bank of Australia lifted its stake in shares of Home Depot by 2.6% in the third quarter. Commonwealth Bank of Australia now owns 97,571 shares of the home improvement retailer’s stock worth $20,205,000 after acquiring an additional 2,500 shares during the period. Twin Capital Management Inc. lifted its stake in shares of Home Depot by 4.0% in the third quarter. Twin Capital Management Inc. now owns 74,238 shares of the home improvement retailer’s stock worth $15,378,000 after acquiring an additional 2,888 shares during the period. Finally, Nicola Wealth Management LTD. lifted its stake in shares of Home Depot by 27.8% in the third quarter. Nicola Wealth Management LTD. now owns 41,230 shares of the home improvement retailer’s stock worth $9,340,000 after acquiring an additional 8,981 shares during the period. Institutional investors own 71.53% of the company’s stock.
In other news, Director Mark C. Vadon purchased 11,500 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were purchased at an average price of $174.27 per share, with a total value of $2,004,105.00. Following the transaction, the director now directly owns 31,095 shares of the company’s stock, valued at $5,418,925.65. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 13,457 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the transaction, the executive vice president now directly owns 56,198 shares in the company, valued at approximately $9,702,022.72. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Home Depot (NYSE:HD) last announced its quarterly 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. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. Home Depot’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Home Depot Inc will post 9.8 EPS for the current year.
HD has been the topic of a number of recent analyst reports. Bank of America lowered Home Depot from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $219.00 to $195.00 in a research note on Friday, November 16th. Wells Fargo & Co lowered their target price on Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Credit Suisse Group reiterated a “neutral” rating and issued a $204.00 target price (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Finally, ValuEngine downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $204.60.
About Home Depot
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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