Home Depot Inc (NYSE:HD) Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. reduced its holdings in Home Depot Inc (NYSE:HD) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,393 shares of the home improvement retailer’s stock after selling 821 shares during the quarter. Home Depot accounts for 1.1% of Essex Financial Services Inc.’s portfolio, making the stock its 19th largest position. Essex Financial Services Inc.’s holdings in Home Depot were worth $3,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. Community Trust & Investment Co. raised its holdings in shares of Home Depot by 1.6% during the third quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock worth $635,000 after acquiring an additional 43 shares in the last quarter. First American Trust FSB raised its holdings in shares of Home Depot by 2.1% during the third quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after acquiring an additional 45 shares in the last quarter. Smith Salley & Associates raised its holdings in shares of Home Depot by 2.8% during the third quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock worth $398,000 after acquiring an additional 47 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Home Depot by 1.7% during the third quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock worth $653,000 after acquiring an additional 47 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Home Depot by 1.6% during the second quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock worth $635,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.

HD stock traded down $0.10 during trading on Friday, reaching $232.84. 2,088,326 shares of the stock were exchanged, compared to its average volume of 2,590,316. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $238.99. The company has a market capitalization of $254.29 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The stock has a 50 day simple moving average of $232.18 and a 200-day simple moving average of $214.53.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. During the same period last year, the business earned $3.05 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts expect that Home Depot Inc will post 10.12 EPS for the current fiscal year.

Several equities analysts have weighed in on HD shares. Goldman Sachs Group started coverage on Home Depot in a report on Thursday, July 11th. They set a “buy” rating and a $235.00 target price on the stock. Credit Suisse Group raised their target price on Home Depot from $213.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday. Argus set a $240.00 target price on Home Depot and gave the company a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Co raised their target price on Home Depot from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley raised their target price on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $229.77.

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

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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