Mascoma Wealth Management LLC Grows Holdings in Home Depot Inc (HD)

Mascoma Wealth Management LLC increased its holdings in Home Depot Inc (NYSE:HD) by 21.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,692 shares of the home improvement retailer’s stock after buying an additional 301 shares during the period. Mascoma Wealth Management LLC’s holdings in Home Depot were worth $291,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Waldron Private Wealth LLC raised its holdings in shares of Home Depot by 2.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,308 shares of the home improvement retailer’s stock worth $478,000 after purchasing an additional 60 shares in the last quarter. Berkshire Asset Management LLC PA raised its holdings in shares of Home Depot by 0.8% in the 4th quarter. Berkshire Asset Management LLC PA now owns 7,447 shares of the home improvement retailer’s stock worth $1,280,000 after purchasing an additional 62 shares in the last quarter. Fayerweather Charles increased its position in shares of Home Depot by 1.3% in the fourth quarter. Fayerweather Charles now owns 5,211 shares of the home improvement retailer’s stock worth $896,000 after acquiring an additional 65 shares in the last quarter. Cohen Lawrence B increased its position in shares of Home Depot by 4.6% in the fourth quarter. Cohen Lawrence B now owns 1,658 shares of the home improvement retailer’s stock worth $285,000 after acquiring an additional 73 shares in the last quarter. Finally, DeDora Capital Inc. increased its position in shares of Home Depot by 0.7% in the fourth quarter. DeDora Capital Inc. now owns 9,844 shares of the home improvement retailer’s stock worth $1,691,000 after acquiring an additional 73 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on HD. Zacks Investment Research downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank of Canada lowered their price objective on shares of Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Co boosted their price objective on shares of Home Depot from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $192.00 price objective on shares of Home Depot in a research report on Wednesday, May 1st. Finally, Robert W. Baird reaffirmed a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $204.71.

In related news, EVP Edward P. Decker sold 23,744 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 5,450 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the transaction, the executive vice president now owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The disclosure for this sale can be found here. Insiders sold 41,194 shares of company stock valued at $7,553,141 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

NYSE HD traded down $0.59 during trading on Thursday, reaching $194.58. The company’s stock had a trading volume of 2,428,943 shares, compared to its average volume of 4,268,338. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. The stock has a market capitalization of $215.10 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $215.43.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.09. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The firm had revenue of $26.49 billion during the quarter, compared to analysts’ expectations of $26.57 billion. During the same period in the previous year, the company earned $1.69 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Home Depot Inc will post 10.09 EPS for the current year.

Home Depot declared that its board has approved a stock buyback plan on Tuesday, February 26th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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

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