Empire Life Investments Inc. lowered its holdings in Home Depot Inc (NYSE:HD) by 50.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 475 shares of the home improvement retailer’s stock after selling 482 shares during the period. Empire Life Investments Inc.’s holdings in Home Depot were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Waldron Private Wealth LLC boosted its stake in Home Depot by 2.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,308 shares of the home improvement retailer’s stock valued at $478,000 after buying an additional 60 shares in the last quarter. Peterson Wealth Advisors LLC boosted its stake in Home Depot by 4.3% in the 4th quarter. Peterson Wealth Advisors LLC now owns 1,458 shares of the home improvement retailer’s stock valued at $250,000 after buying an additional 60 shares in the last quarter. Cedar Capital LLC boosted its stake in Home Depot by 2.3% in the 4th quarter. Cedar Capital LLC now owns 2,722 shares of the home improvement retailer’s stock valued at $468,000 after buying an additional 60 shares in the last quarter. Berkshire Asset Management LLC PA boosted its stake in Home Depot by 0.8% in the 4th quarter. Berkshire Asset Management LLC PA now owns 7,447 shares of the home improvement retailer’s stock valued at $1,280,000 after buying an additional 62 shares in the last quarter. Finally, Fayerweather Charles boosted its stake in Home Depot by 1.3% in the 4th quarter. Fayerweather Charles now owns 5,211 shares of the home improvement retailer’s stock valued at $896,000 after buying an additional 65 shares in the last quarter. 70.93% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on HD. Robert W. Baird reaffirmed a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. Morgan Stanley boosted their price target on Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 price target on shares of Home Depot in a research note on Wednesday, May 1st. Zacks Investment Research lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Bank of America reaffirmed a “neutral” rating and issued a $202.00 price target on shares of Home Depot in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Home Depot has a consensus rating of “Buy” and an average price target of $204.71.

In other Home Depot news, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total value of $1,006,451.50. Following the completion of the transaction, the executive vice president now owns 51,030 shares in the company, valued at approximately $9,423,710.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Holifield sold 12,000 shares of Home Depot stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $183.60, for a total value of $2,203,200.00. Following the completion of the transaction, the executive vice president now owns 39,794 shares of the company’s stock, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,194 shares of company stock valued at $7,553,141. Corporate insiders own 0.27% of the company’s stock.

Shares of HD opened at $191.76 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $215.43. The firm has a market capitalization of $210.81 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.09. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The firm had revenue of $26.49 billion during the quarter, compared to the consensus estimate of $26.57 billion. During the same quarter in the previous year, the company posted $1.69 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Home Depot Inc will post 10.08 earnings per share for the current year.

Home Depot declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 26th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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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 d├ęcor 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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