Trade Report: Today, First Commonwealth Financial Corp PA reached $1,278,000 position of The Home Depot Inc. (HD)

Today, First Commonwealth Financial Corp PA reached $1,278,000 position  of The Home Depot Inc. (HD)

First Commonwealth Financial Corp PA reduced its position in shares of The Home Depot Inc. (NYSE:HD) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 10,008 shares of the home improvement retailer’s stock after selling 150 shares during the period. The Home Depot comprises 1.6% of First Commonwealth Financial Corp PA’s investment portfolio, making the stock its 18th largest position. First Commonwealth Financial Corp PA’s holdings in The Home Depot were worth $1,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vestor Capital LLC boosted its stake in The Home Depot by 1.5% in the second quarter. Vestor Capital LLC now owns 60,678 shares of the home improvement retailer’s stock worth $7,748,000 after buying an additional 895 shares in the last quarter. Apertura Capital LLC acquired a new stake in shares of The Home Depot during the second quarter valued at $792,000. Novare Capital Management LLC boosted its stake in shares of The Home Depot by 39.9% in the second quarter. Novare Capital Management LLC now owns 31,893 shares of the home improvement retailer’s stock valued at $4,072,000 after buying an additional 9,088 shares during the period. Capital Advisors Inc. OK boosted its stake in shares of The Home Depot by 1.3% in the second quarter. Capital Advisors Inc. OK now owns 3,246 shares of the home improvement retailer’s stock valued at $415,000 after buying an additional 43 shares during the period. Finally, Glassman Wealth Services boosted its stake in shares of The Home Depot by 8.0% in the second quarter. Glassman Wealth Services now owns 1,008 shares of the home improvement retailer’s stock valued at $129,000 after buying an additional 75 shares during the period. 71.87% of the stock is owned by institutional investors.

The Home Depot Inc. (NYSE:HD) opened at 126.42 on Monday. 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 cap of $156.20 billion, a P/E ratio of 21.40 and a beta of 0.97. The firm’s 50-day moving average is $129.05 and its 200 day moving average is $132.39.

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

HD has been the subject of several analyst reports. Zacks Investment Research upgraded shares of The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Tuesday, October 4th. Jefferies Group restated a “buy” rating on shares of The Home Depot in a research report on Sunday, July 3rd. Argus restated a “hold” rating and issued a $154.00 target price on shares of The Home Depot in a research report on Friday, September 16th. Morgan Stanley set a $145.00 target price on shares of The Home Depot and gave the company a “hold” rating in a research report on Wednesday, September 28th. Finally, Vetr raised shares of The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price target on the stock in a report on Thursday, September 8th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $146.86.

In other news, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the transaction, the chief financial officer now owns 644,831 shares in the company, valued at $87,277,875.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the transaction, the executive vice president now owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

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

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