Insight Wealth Strategies LLC Trims Stock Holdings in Home Depot Inc (NYSE:HD)

Insight Wealth Strategies LLC decreased its stake in Home Depot Inc (NYSE:HD) by 65.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,421 shares of the home improvement retailer’s stock after selling 6,428 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Home Depot were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its position in shares of Home Depot by 8,331.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after purchasing an additional 21,212,570 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Home Depot by 2.2% during the first quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock worth $1,381,583,000 after purchasing an additional 158,174 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Home Depot by 2.4% during the second quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock worth $1,151,422,000 after purchasing an additional 127,532 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Home Depot by 2.9% during the second quarter. Fisher Asset Management LLC now owns 4,854,657 shares of the home improvement retailer’s stock worth $1,009,623,000 after purchasing an additional 138,011 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in shares of Home Depot by 21,191.0% during the second quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock worth $353,410,000 after purchasing an additional 3,517,498 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Several research firms recently issued reports on HD. KeyCorp reiterated a “hold” rating on shares of Home Depot in a research report on Wednesday. Royal Bank of Canada increased their target price on Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a research report on Tuesday. Argus set a $240.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Citigroup increased their target price on Home Depot from $218.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $220.11.

In other news, EVP Teresa Wynn Roseborough sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total value of $1,652,230.00. Following the completion of the sale, the executive vice president now directly owns 13,357 shares of the company’s stock, valued at approximately $2,596,333.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 34,688 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the sale, the executive vice president now directly owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,522 shares of company stock valued at $13,643,931. 0.27% of the stock is owned by corporate insiders.

Home Depot stock traded down $2.52 during midday trading on Friday, reaching $218.50. 290,642 shares of the stock traded hands, compared to its average volume of 3,855,862. The stock’s fifty day moving average is $212.40 and its 200-day moving average is $199.39. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $222.65. The stock has a market cap of $238.86 billion, a P/E ratio of 22.11, a PEG ratio of 2.01 and a beta of 1.12.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The company had revenue of $30.84 billion during the quarter, compared to analyst estimates of $30.98 billion. During the same period in the prior year, the company earned $3.05 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that Home Depot Inc will post 10.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.49%. Home Depot’s payout ratio is presently 55.01%.

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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