Prio Wealth Limited Partnership Has $45.27 Million Stake in Home Depot Inc (NYSE:HD)

Prio Wealth Limited Partnership lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,685 shares of the home improvement retailer’s stock after buying an additional 305 shares during the quarter. Home Depot comprises approximately 2.1% of Prio Wealth Limited Partnership’s investment portfolio, making the stock its 13th biggest holding. Prio Wealth Limited Partnership’s holdings in Home Depot were worth $45,271,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Evolution Wealth Advisors LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $31,000. Thor Advisors LLC acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $32,000. Virtus ETF Advisers LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $32,000. Enlightenment Research LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $34,000. Finally, Private Ocean LLC grew its position in shares of Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 72 shares during the period. Institutional investors own 69.72% of the company’s stock.

Home Depot stock traded down $0.41 during midday trading on Friday, hitting $212.42. 65,971 shares of the stock were exchanged, compared to its average volume of 2,674,323. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.04 and a quick ratio of 0.26. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $219.30. The firm has a fifty day moving average price of $211.62. The stock has a market capitalization of $234.17 billion, a PE ratio of 21.47, a PEG ratio of 2.00 and a beta of 1.12.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The firm had revenue of $26.38 billion for the quarter, compared to analyst estimates of $26.34 billion. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that Home Depot Inc will post 10.17 EPS for the current fiscal year.

In other Home Depot news, EVP Timothy A. Hourigan sold 13,000 shares of Home Depot stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the transaction, the executive vice president now owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of Home Depot stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of the transaction, the executive vice president now directly owns 13,357 shares in the company, valued at approximately $2,596,333.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,522 shares of company stock worth $16,156,831. Insiders own 0.27% of the company’s stock.

Several equities research analysts have recently commented on HD shares. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Morgan Stanley lifted their price objective on shares of Home Depot from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Telsey Advisory Group reissued a “market perform” rating and set a $192.00 price objective on shares of Home Depot in a research note on Wednesday, May 1st. Robert W. Baird reissued a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. Finally, Gabelli lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $207.78.

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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