Today: The 29,040 Shares of The Home Depot Inc. (HD) are sold by Strs Ohio

The 29,040 Shares of The Home Depot Inc. (HD) are sold by Strs Ohio

Strs Ohio cut its position in shares of The Home Depot Inc. (NYSE:HD) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,193,588 shares of the home improvement retailer’s stock after selling 29,040 shares during the period. The Home Depot accounts for about 0.7% of Strs Ohio’s holdings, making the stock its 27th largest position. Strs Ohio’s holdings in The Home Depot were worth $152,409,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Merchants Corp acquired a new position in shares of The Home Depot during the second quarter worth about $263,000. Stoneridge Investment Partners LLC acquired a new position in shares of The Home Depot during the second quarter worth about $4,010,000. Court Place Advisors LLC raised its position in shares of The Home Depot by 0.4% in the second quarter. Court Place Advisors LLC now owns 25,101 shares of the home improvement retailer’s stock worth $3,205,000 after buying an additional 104 shares during the period. Douglas Lane & Associates LLC raised its position in shares of The Home Depot by 11.2% in the second quarter. Douglas Lane & Associates LLC now owns 9,050 shares of the home improvement retailer’s stock worth $1,156,000 after buying an additional 911 shares during the period. Finally, Callahan Advisors LLC raised its position in shares of The Home Depot by 9.0% in the second quarter. Callahan Advisors LLC now owns 1,911 shares of the home improvement retailer’s stock worth $244,000 after buying an additional 157 shares during the period. Institutional investors own 71.87% of the company’s stock.

Shares of The Home Depot Inc. (NYSE:HD) traded down 1.01% during midday trading on Monday, reaching $125.14. The company had a trading volume of 3,753,022 shares. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00. The firm has a market capitalization of $154.62 billion, a price-to-earnings ratio of 21.18 and a beta of 0.97. The company has a 50 day moving average of $128.79 and a 200 day moving average of $132.32.

The Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, meeting the consensus estimate of $1.97. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The firm earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. During the same period last year, the company earned $1.71 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Analysts anticipate that The Home Depot Inc. will post $6.33 EPS for the current year.

A number of research analysts recently issued reports on HD shares. Nomura upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and raised their price objective for the company from $140.00 to $155.00 in a report on Thursday, June 23rd. Jefferies Group reiterated a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Vetr lowered shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 price objective for the company. in a report on Monday, July 4th. Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Stifel Nicolaus assumed coverage on shares of The Home Depot in a report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $146.86.

In other The Home Depot news, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $135.06, for a total value of $6,670,883.52. Following the transaction, the executive vice president now directly owns 224,905 shares of the company’s stock, valued at $30,375,669.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matt Carey sold 29,357 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total value of $4,000,184.82. Following the completion of the transaction, the executive vice president now directly owns 88,872 shares in the company, valued at $12,109,698.72. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

About The Home Depot

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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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