Tuttle Tactical Management Cuts Stock Position in Home Depot Inc (NYSE:HD)

Tuttle Tactical Management lessened its holdings in Home Depot Inc (NYSE:HD) by 62.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,690 shares of the home improvement retailer’s stock after selling 30,906 shares during the period. Home Depot accounts for approximately 1.5% of Tuttle Tactical Management’s holdings, making the stock its 22nd biggest position. Tuttle Tactical Management’s holdings in Home Depot were worth $3,887,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. BP PLC grew its position in shares of Home Depot by 31.0% during the second quarter. BP PLC now owns 114,000 shares of the home improvement retailer’s stock valued at $23,721,000 after purchasing an additional 27,000 shares in the last quarter. Mascoma Wealth Management LLC grew its position in shares of Home Depot by 7.2% during the second quarter. Mascoma Wealth Management LLC now owns 5,264 shares of the home improvement retailer’s stock valued at $1,095,000 after purchasing an additional 353 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Home Depot by 464.7% during the second quarter. SG Americas Securities LLC now owns 355,448 shares of the home improvement retailer’s stock valued at $73,923,000 after purchasing an additional 292,502 shares in the last quarter. Cambridge Trust Co. lifted its holdings in shares of Home Depot by 2.1% in the 2nd quarter. Cambridge Trust Co. now owns 99,775 shares of the home improvement retailer’s stock valued at $20,750,000 after acquiring an additional 2,095 shares during the last quarter. Finally, Vision Capital Management Inc. bought a new position in shares of Home Depot in the 2nd quarter valued at about $217,000. Hedge funds and other institutional investors own 69.74% of the company’s stock.

NYSE HD traded down $1.55 during trading on Friday, hitting $210.02. The stock had a trading volume of 2,630,379 shares, compared to its average volume of 3,101,925. The stock has a market cap of $228.76 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12. Home Depot Inc has a one year low of $158.09 and a one year high of $219.30. The firm’s 50 day moving average price is $212.20.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion during the quarter, compared to the consensus estimate of $26.34 billion. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.08 earnings per share. As a group, research analysts expect that Home Depot Inc will post 10.1 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their price target on shares of Home Depot from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Royal Bank of Canada lowered their price target on shares of Home Depot from $223.00 to $217.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Loop Capital increased their price target on shares of Home Depot to $195.00 and gave the company a “hold” rating in a report on Friday, July 19th. Wedbush set a $190.00 price target on shares of Home Depot and gave the company a “hold” rating in a report on Wednesday, May 22nd. Finally, Morgan Stanley increased their price target on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $207.78.

In other Home Depot news, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were 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 owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders sold 82,522 shares of company stock valued at $16,156,831. 0.27% of the stock is owned by insiders.

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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