Montecito Bank & Trust Buys 178 Shares of Home Depot Inc (NYSE:HD)

Montecito Bank & Trust grew its stake in Home Depot Inc (NYSE:HD) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,441 shares of the home improvement retailer’s stock after acquiring an additional 178 shares during the quarter. Montecito Bank & Trust’s holdings in Home Depot were worth $970,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Community Trust & Investment Co. boosted its position in Home Depot by 1.6% during the 3rd quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock worth $635,000 after acquiring an additional 43 shares during the last quarter. First American Trust FSB boosted its position in Home Depot by 2.1% during the 3rd quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after acquiring an additional 45 shares during the last quarter. California Capital Advisors Inc. boosted its position in Home Depot by 0.3% during the 4th quarter. California Capital Advisors Inc. now owns 18,315 shares of the home improvement retailer’s stock worth $4,000,000 after acquiring an additional 46 shares during the last quarter. Smith Salley & Associates boosted its position in Home Depot by 2.8% during the 3rd quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock worth $398,000 after acquiring an additional 47 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in Home Depot by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock worth $653,000 after acquiring an additional 47 shares during the last quarter. 69.97% of the stock is owned by institutional investors.

HD opened at $233.51 on Wednesday. Home Depot Inc has a 1-year low of $174.53 and a 1-year high of $239.31. The stock’s fifty day simple moving average is $220.17 and its 200 day simple moving average is $222.90. The stock has a market cap of $252.97 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The business had revenue of $27.22 billion for the quarter, compared to analysts’ expectations of $27.51 billion. During the same quarter in the prior year, the business earned $2.51 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that Home Depot Inc will post 10.08 earnings per share for the current year.

HD has been the subject of a number of recent research reports. SunTrust Banks upped their price target on Home Depot from $208.00 to $225.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Raymond James reaffirmed an “outperform” rating and set a $250.00 price target on shares of Home Depot in a research report on Tuesday, October 8th. Edward Jones downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Robert W. Baird upped their price target on Home Depot from $230.00 to $245.00 and gave the stock an “accumulate” rating in a research report on Tuesday, November 19th. Finally, Nomura reduced their price target on Home Depot from $237.00 to $224.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the stock. Home Depot has a consensus rating of “Buy” and a consensus price target of $237.88.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the transaction, the executive vice president now owns 26,335 shares in the company, valued at approximately $5,627,789.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the transaction, the chief executive officer now owns 277,604 shares in the company, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,552 shares of company stock worth $26,765,281. 0.27% of the stock is owned by company insiders.

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

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