Bremer Bank National Association lowered its stake in Home Depot Inc (NYSE:HD) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,946 shares of the home improvement retailer’s stock after selling 166 shares during the period. Home Depot makes up about 1.0% of Bremer Bank National Association’s investment portfolio, making the stock its 22nd largest holding. Bremer Bank National Association’s holdings in Home Depot were worth $3,873,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of HD. Price Wealth LLC grew its position in Home Depot by 138.5% during the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Selective Wealth Management Inc. grew its position in Home Depot by 243.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Evolution Wealth Advisors LLC grew its position in Home Depot by 138.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 111 shares in the last quarter. JJJ Advisors Inc. grew its position in Home Depot by 201.6% during the 3rd quarter. JJJ Advisors Inc. now owns 184 shares of the home improvement retailer’s stock worth $51,000 after purchasing an additional 123 shares in the last quarter. Finally, NuWave Investment Management LLC purchased a new position in Home Depot during the 2nd quarter worth approximately $57,000. 69.00% of the stock is currently owned by institutional investors.

Several research firms have weighed in on HD. Truist Financial lifted their price objective on shares of Home Depot from $240.00 to $300.00 in a research report on Wednesday, August 12th. BNP Paribas assumed coverage on shares of Home Depot in a report on Monday, October 5th. They set an “outperform” rating and a $310.00 price target on the stock. Barclays boosted their price target on shares of Home Depot from $260.00 to $315.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Wells Fargo & Company boosted their price target on shares of Home Depot from $295.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. They noted that the move was a valuation call. Finally, Oppenheimer cut shares of Home Depot from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $320.00 to $305.00 in a report on Friday, September 18th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $290.00.

Home Depot stock traded up $1.84 on Friday, reaching $283.00. 1,750,747 shares of the stock were exchanged, compared to its average volume of 4,899,439. The stock has a market cap of $304.64 billion, a PE ratio of 25.94, a PEG ratio of 2.36 and a beta of 1.09. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $292.95. The firm has a fifty day moving average price of $278.20 and a two-hundred day moving average price of $254.81.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.82. The firm had revenue of $38.05 billion during the quarter, compared to analyst estimates of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The business’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.17 EPS. Equities analysts anticipate that Home Depot Inc will post 11.41 EPS for the current fiscal year.

In other news, EVP Matt Carey sold 50,478 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the completion of the transaction, the executive vice president now owns 62,735 shares of the company’s stock, valued at $17,341,836.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William G. Lennie sold 13,199 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the transaction, the executive vice president now directly owns 49,736 shares of the company’s stock, valued at approximately $14,086,229.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,304 shares of company stock valued at $32,088,591. Company insiders own 0.26% of the company’s stock.

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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Featured Article: Street Name

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.