Godshalk Welsh Capital Management Inc. lessened its stake in Home Depot Inc (NYSE:HD) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 9,706 shares of the home improvement retailer’s stock after selling 450 shares during the period. Home Depot makes up about 1.6% of Godshalk Welsh Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Godshalk Welsh Capital Management Inc.’s holdings in Home Depot were worth $1,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Paragon Wealth Strategies LLC boosted its holdings in shares of Home Depot by 0.4% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after purchasing an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Home Depot by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after purchasing an additional 7 shares during the last quarter. Mcdaniel Terry & Co. boosted its holdings in shares of Home Depot by 0.5% in the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after purchasing an additional 9 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of Home Depot by 0.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock valued at $580,000 after purchasing an additional 10 shares during the last quarter. Finally, Fort Pitt Capital Group LLC boosted its holdings in shares of Home Depot by 0.3% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer’s stock valued at $528,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

In related news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company’s stock.

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $185.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Bank of America lifted their target price on shares of Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Argus lifted their target price on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $176.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $190.32.

Shares of Home Depot Inc (HD) opened at $184.06 on Tuesday. Home Depot Inc has a one year low of $139.05 and a one year high of $207.60. The stock has a market cap of $215,005.94, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.34 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. analysts expect that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.

Home Depot announced that its board has initiated a stock buyback program on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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Home Depot Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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