Sunflower Bank NA Wealth Management cut its stake in Home Depot Inc (NYSE:HD) by 20.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,045 shares of the home improvement retailer’s stock after selling 795 shares during the period. Sunflower Bank NA Wealth Management’s holdings in Home Depot were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HD. Coastal Investment Advisors Inc. raised its holdings in shares of Home Depot by 56.8% during the third quarter. Coastal Investment Advisors Inc. now owns 8,821 shares of the home improvement retailer’s stock valued at $2,450,000 after buying an additional 3,197 shares during the last quarter. Lowell Blake & Associates Inc. increased its position in Home Depot by 7.7% in the 3rd quarter. Lowell Blake & Associates Inc. now owns 18,481 shares of the home improvement retailer’s stock valued at $5,132,000 after acquiring an additional 1,323 shares during the period. Eagle Global Advisors LLC raised its stake in Home Depot by 1.5% during the 3rd quarter. Eagle Global Advisors LLC now owns 64,503 shares of the home improvement retailer’s stock valued at $17,913,000 after acquiring an additional 925 shares in the last quarter. GW Henssler & Associates Ltd. boosted its position in Home Depot by 1.3% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 24,973 shares of the home improvement retailer’s stock worth $6,935,000 after acquiring an additional 326 shares during the period. Finally, Pacific Wealth Strategies Group Inc. grew its stake in shares of Home Depot by 5.3% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 14,507 shares of the home improvement retailer’s stock worth $4,029,000 after purchasing an additional 728 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. They noted that the move was a valuation call. Telsey Advisory Group upped their price target on shares of Home Depot from $290.00 to $300.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 19th. Goldman Sachs Group raised their price objective on shares of Home Depot from $265.00 to $301.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. DA Davidson assumed coverage on Home Depot in a report on Friday, August 14th. They set a “neutral” rating and a $290.00 target price on the stock. They noted that the move was a valuation call. Finally, Jefferies Financial Group increased their price target on Home Depot from $306.00 to $332.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Eight 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. The company presently has a consensus rating of “Buy” and a consensus target price of $290.00.

Shares of Home Depot stock traded up $1.84 on Friday, hitting $283.00. 1,750,747 shares of the company traded hands, compared to its average volume of 4,899,439. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $292.95. The company 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. The company has a 50-day moving average price of $278.20 and a 200 day moving average price of $254.81.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.82. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The firm had revenue of $38.05 billion during the quarter, compared to analysts’ expectations of $32.13 billion. During the same quarter last year, the firm earned $3.17 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. Equities analysts expect 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 stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the transaction, the executive vice president now owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William G. Lennie sold 13,199 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total value of $3,738,220.78. Following the transaction, the executive vice president now owns 49,736 shares in the company, valued at approximately $14,086,229.92. The disclosure for this sale can be found here. In the last three months, insiders sold 119,304 shares of company stock valued at $32,088,591. 0.26% of the stock is currently owned by company insiders.

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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