Eads & Heald Wealth Management Sells 410 Shares of Home Depot Inc (NYSE:HD)

Eads & Heald Wealth Management decreased its holdings in shares of Home Depot Inc (NYSE:HD) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,446 shares of the home improvement retailer’s stock after selling 410 shares during the period. Eads & Heald Wealth Management’s holdings in Home Depot were worth $1,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Guggenheim Capital LLC raised its stake in shares of Home Depot by 8.7% in the fourth quarter. Guggenheim Capital LLC now owns 195,580 shares of the home improvement retailer’s stock valued at $42,710,000 after acquiring an additional 15,734 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Home Depot by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 493,571 shares of the home improvement retailer’s stock valued at $107,786,000 after acquiring an additional 7,022 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Home Depot by 25.8% in the fourth quarter. Macquarie Group Ltd. now owns 239,852 shares of the home improvement retailer’s stock valued at $52,379,000 after acquiring an additional 49,177 shares during the last quarter. Stillwater Investment Management LLC raised its stake in shares of Home Depot by 13.0% in the first quarter. Stillwater Investment Management LLC now owns 1,742 shares of the home improvement retailer’s stock valued at $325,000 after acquiring an additional 200 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of Home Depot by 4.9% in the first quarter. Fulton Bank N.A. now owns 19,428 shares of the home improvement retailer’s stock valued at $3,628,000 after acquiring an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Credit Suisse Group lifted their target price on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. SunTrust Banks cut their target price on shares of Home Depot from $240.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, April 16th. Nomura lifted their target price on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Robert W. Baird raised their price target on shares of Home Depot from $215.00 to $265.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Finally, Stifel Nicolaus raised their price target on shares of Home Depot from $260.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $256.30.

In other news, EVP William G. Lennie sold 17,993 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the transaction, the executive vice president now owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by insiders.

Shares of HD stock opened at $265.49 on Friday. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $269.07. The firm has a market capitalization of $286.42 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The firm has a fifty day moving average of $252.21 and a 200-day moving average of $229.53.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.19). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The firm had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. During the same period last year, the firm earned $2.27 EPS. Home Depot’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Home Depot Inc will post 10.09 earnings per share for the current year.

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 d├ęcor 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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