McKinley Carter Wealth Services Inc. Trims Position in Home Depot Inc (NYSE:HD)

McKinley Carter Wealth Services Inc. lessened its position in shares of Home Depot Inc (NYSE:HD) by 2.1% in the second quarter, Holdings Channel reports. The fund owned 22,403 shares of the home improvement retailer’s stock after selling 480 shares during the quarter. Home Depot comprises 1.3% of McKinley Carter Wealth Services Inc.’s investment portfolio, making the stock its 14th biggest holding. McKinley Carter Wealth Services Inc.’s holdings in Home Depot were worth $4,659,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Evolution Wealth Advisors LLC purchased a new stake in Home Depot in the second quarter worth about $31,000. Virtus ETF Advisers LLC purchased a new stake in Home Depot in the fourth quarter worth about $32,000. Thor Advisors LLC purchased a new stake in Home Depot in the first quarter worth about $32,000. Enlightenment Research LLC purchased a new stake in Home Depot in the fourth quarter worth about $34,000. Finally, Private Ocean LLC increased its position in Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 72 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

In related news, EVP Matt Carey sold 34,688 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the transaction, the executive vice president now directly owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,522 shares of company stock valued at $16,156,831. 0.27% of the stock is owned by corporate insiders.

A number of brokerages have commented on HD. Robert W. Baird restated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Goldman Sachs Group began coverage on Home Depot in a research report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price target for the company. Wedbush set a $190.00 price target on Home Depot and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Stifel Nicolaus upped their price target on Home Depot to $230.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Loop Capital upped their price target on Home Depot to $195.00 and gave the stock a “hold” rating in a research report on Friday, July 19th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average target price of $210.12.

Shares of NYSE HD traded up $3.97 during mid-day trading on Monday, reaching $207.62. The company’s stock had a trading volume of 1,367,091 shares, compared to its average volume of 3,138,303. The firm has a market capitalization of $222.03 billion, a PE ratio of 20.99, a P/E/G ratio of 1.87 and a beta of 1.12. The stock has a fifty day moving average of $211.99 and a two-hundred day moving average of $198.76. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $219.30.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.10. The firm had revenue of $26.38 billion during the quarter, compared to analyst estimates of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.08 earnings per share. As a group, equities research 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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