Perigon Wealth Management LLC Decreases Stock Holdings in Home Depot Inc (NYSE:HD)

Perigon Wealth Management LLC cut its holdings in Home Depot Inc (NYSE:HD) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,952 shares of the home improvement retailer’s stock after selling 2,096 shares during the quarter. Home Depot comprises 1.9% of Perigon Wealth Management LLC’s portfolio, making the stock its 8th largest position. Perigon Wealth Management LLC’s holdings in Home Depot were worth $12,012,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Price Wealth LLC grew its position in Home Depot by 138.5% in the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. Selective Wealth Management Inc. grew its position in shares of Home Depot by 243.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 100 shares during the period. Your Advocates Ltd. LLP bought a new position in shares of Home Depot in the 1st quarter valued at about $27,000. Lion Street Advisors LLC bought a new position in shares of Home Depot in the 1st quarter valued at about $28,000. Finally, Evolution Wealth Advisors LLC grew its position in shares of Home Depot by 138.8% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 111 shares during the period. 69.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on HD. Wedbush lifted their price objective on shares of Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Gordon Haskett downgraded shares of Home Depot from an “accumulate” rating to a “hold” rating in a report on Wednesday, April 22nd. SunTrust Banks reduced their target price on shares of Home Depot from $240.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, April 16th. Bank of America lifted their target price on shares of Home Depot from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, June 12th. Finally, UBS Group lifted their target price on shares of Home Depot from $265.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. One investment 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 stock currently has an average rating of “Buy” and an average price target of $256.30.

In other news, EVP William G. Lennie sold 17,993 shares of the firm’s stock in a transaction that occurred 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 directly owns 54,405 shares in the company, valued at $12,840,668.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

HD stock opened at $265.49 on Friday. The company has a 50 day simple moving average of $252.21 and a 200 day simple moving average of $229.53. The stock has a market cap of $285.54 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $269.07.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Zacks’ 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 the consensus estimate of $27.59 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts predict that Home Depot Inc will post 10.09 EPS for the current fiscal year.

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 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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