Home Depot Inc (NYSE:HD) Shares Sold by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC cut its holdings in Home Depot Inc (NYSE:HD) by 4.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,753 shares of the home improvement retailer’s stock after selling 486 shares during the period. Bridge Creek Capital Management LLC’s holdings in Home Depot were worth $2,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HD. First American Trust FSB increased its holdings in shares of Home Depot by 2.1% during the 3rd quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after buying an additional 45 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Home Depot by 1.6% during the 2nd quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock worth $635,000 after buying an additional 49 shares during the last quarter. First Command Financial Services Inc. increased its holdings in shares of Home Depot by 0.9% during the 2nd quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock worth $1,167,000 after buying an additional 50 shares during the last quarter. Canton Hathaway LLC increased its holdings in shares of Home Depot by 4.3% during the 2nd quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock worth $250,000 after buying an additional 50 shares during the last quarter. Finally, Mercer Capital Advisers Inc. increased its holdings in shares of Home Depot by 1.9% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 2,730 shares of the home improvement retailer’s stock worth $568,000 after buying an additional 50 shares during the last quarter. Institutional investors own 69.92% of the company’s stock.

NYSE:HD traded up $2.67 on Thursday, reaching $231.61. The stock had a trading volume of 2,755,709 shares, compared to its average volume of 3,751,527. The company has a 50-day moving average of $227.13 and a 200 day moving average of $209.14. The stock has a market cap of $248.32 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $235.49.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.05 EPS. As a group, equities analysts predict that Home Depot Inc will post 10.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $1.36 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.35%. Home Depot’s payout ratio is currently 55.01%.

In other news, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the transaction, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William G. Lennie sold 9,200 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the transaction, the executive vice president now directly owns 84,123 shares in the company, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,508 shares of company stock valued at $39,076,428. 0.27% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on HD. Wells Fargo & Co upped their price target on shares of Home Depot from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Morgan Stanley upped their price target on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Gabelli cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Wedbush reaffirmed a “neutral” rating and set a $230.00 price target (up from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. Finally, Guggenheim cut shares of Home Depot from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $226.65.

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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