Segment Wealth Management LLC Buys 590 Shares of Home Depot Inc (NYSE:HD)

Segment Wealth Management LLC lifted its stake in Home Depot Inc (NYSE:HD) by 2.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 30,754 shares of the home improvement retailer’s stock after purchasing an additional 590 shares during the quarter. Home Depot accounts for approximately 1.3% of Segment Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Segment Wealth Management LLC’s holdings in Home Depot were worth $6,396,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Goelzer Investment Management Inc. lifted its stake in Home Depot by 82.1% during the second quarter. Goelzer Investment Management Inc. now owns 8,577 shares of the home improvement retailer’s stock worth $1,784,000 after purchasing an additional 3,866 shares during the last quarter. Ironwood Investment Counsel LLC lifted its stake in Home Depot by 3.2% during the second quarter. Ironwood Investment Counsel LLC now owns 17,845 shares of the home improvement retailer’s stock worth $3,711,000 after purchasing an additional 549 shares during the last quarter. Aft Forsyth & Company Inc. lifted its stake in Home Depot by 2.7% during the second quarter. Aft Forsyth & Company Inc. now owns 8,269 shares of the home improvement retailer’s stock worth $1,720,000 after purchasing an additional 220 shares during the last quarter. Janney Capital Management LLC lifted its stake in Home Depot by 3,806.0% during the second quarter. Janney Capital Management LLC now owns 65,856 shares of the home improvement retailer’s stock worth $13,696,000 after purchasing an additional 64,170 shares during the last quarter. Finally, V Wealth Advisors LLC lifted its stake in Home Depot by 5.5% during the second quarter. V Wealth Advisors LLC now owns 14,912 shares of the home improvement retailer’s stock worth $3,107,000 after purchasing an additional 777 shares during the last quarter. Institutional investors and hedge funds own 69.74% of the company’s stock.

Several research firms have weighed in on HD. Telsey Advisory Group restated a “market perform” rating and set a $192.00 target price on shares of Home Depot in a research note on Wednesday, May 1st. Wedbush set a $190.00 target price on Home Depot and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Robert W. Baird restated a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. Royal Bank of Canada cut their target price on Home Depot from $223.00 to $217.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Goldman Sachs Group began coverage on Home Depot in a research note on Thursday, July 11th. They set a “buy” rating and a $235.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $207.78.

In related news, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the sale, the executive vice president now directly owns 64,575 shares in the company, valued at $12,482,347.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Carey sold 34,688 shares of the stock in a transaction 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 owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Insiders sold a total of 82,522 shares of company stock valued at $16,156,831 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Shares of HD traded down $1.55 during trading hours on Friday, reaching $210.02. The stock had a trading volume of 2,630,379 shares, compared to its average volume of 3,077,831. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $219.30. The company has a market cap of $232.79 billion, a PE ratio of 21.24, a PEG ratio of 1.96 and a beta of 1.12. The stock has a 50-day moving average price of $212.20.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. During the same period in the prior year, the company earned $2.08 EPS. Home Depot’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Home Depot Inc will post 10.1 EPS for the current fiscal year.

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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