Harwood Advisory Group LLC Acquires 134 Shares of Home Depot Inc (NYSE:HD)

Harwood Advisory Group LLC lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,587 shares of the home improvement retailer’s stock after purchasing an additional 134 shares during the period. Home Depot comprises about 1.2% of Harwood Advisory Group LLC’s investment portfolio, making the stock its 29th biggest position. Harwood Advisory Group LLC’s holdings in Home Depot were worth $3,866,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Calamos Wealth Management LLC boosted its position in Home Depot by 3.6% during the 2nd quarter. Calamos Wealth Management LLC now owns 20,145 shares of the home improvement retailer’s stock valued at $4,190,000 after buying an additional 705 shares during the period. Calamos Advisors LLC boosted its position in Home Depot by 2.1% during the 2nd quarter. Calamos Advisors LLC now owns 512,378 shares of the home improvement retailer’s stock valued at $106,559,000 after buying an additional 10,325 shares during the period. Cincinnati Financial Corp boosted its position in Home Depot by 16.5% during the 2nd quarter. Cincinnati Financial Corp now owns 422,554 shares of the home improvement retailer’s stock valued at $87,879,000 after buying an additional 60,000 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in Home Depot by 4.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,113 shares of the home improvement retailer’s stock valued at $444,000 after buying an additional 84 shares during the period. Finally, Honkamp Krueger Financial Services Inc. boosted its position in Home Depot by 0.9% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 20,810 shares of the home improvement retailer’s stock valued at $4,431,000 after buying an additional 180 shares during the period. 69.35% of the stock is currently owned by institutional investors.

In related news, EVP Teresa Wynn Roseborough sold 8,500 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 13,357 shares of the company’s stock, valued at approximately $2,596,333.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William G. Lennie sold 9,200 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 224,122 shares of company stock worth $47,516,807. 0.27% of the stock is currently owned by company insiders.

Several brokerages have weighed in on HD. UBS Group increased their price target on shares of Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday. Argus set a $240.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group set a $213.00 price target on shares of Home Depot and gave the company a “neutral” rating in a research report on Tuesday, August 20th. SunTrust Banks reissued a “hold” rating and set a $208.00 price target on shares of Home Depot in a research report on Wednesday. Finally, Loop Capital increased their price target on shares of Home Depot to $200.00 and gave the company a “hold” 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 company’s stock. Home Depot currently has an average rating of “Buy” and a consensus target price of $220.11.

Shares of Home Depot stock traded down $3.55 during midday trading on Friday, hitting $217.47. The company had a trading volume of 4,714,590 shares, compared to its average volume of 4,253,023. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $222.65. The stock has a market capitalization of $243.19 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.05 and a beta of 1.12. The company has a 50 day moving average of $212.53 and a 200 day moving average of $199.56.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. During the same period in the previous year, the company posted $3.05 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.50%. Home Depot’s dividend 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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