Tompkins Financial Corp Has $7.20 Million Stake in Home Depot Inc (NYSE:HD)

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Tompkins Financial Corp raised its position in shares of Home Depot Inc (NYSE:HD) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,738 shares of the home improvement retailer’s stock after buying an additional 587 shares during the period. Home Depot comprises 1.5% of Tompkins Financial Corp’s portfolio, making the stock its 13th biggest position. Tompkins Financial Corp’s holdings in Home Depot were worth $7,199,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Price Wealth LLC increased its holdings in shares of Home Depot by 138.5% in the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. Selective Wealth Management Inc. increased its holdings in shares of Home Depot by 243.9% in the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Your Advocates Ltd. LLP acquired a new stake in Home Depot during the 1st quarter worth $27,000. Lion Street Advisors LLC acquired a new stake in Home Depot during the 1st quarter worth $28,000. Finally, Evolution Wealth Advisors LLC grew its holdings 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 acquiring an additional 111 shares during the period. 69.65% of the stock is owned by institutional investors and hedge funds.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the sale, the executive vice president now owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

NYSE HD opened at $265.49 on Friday. The company has a market capitalization of $285.54 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $269.07. The firm has a 50-day moving average price of $252.21 and a two-hundred day moving average price of $229.53.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The business had revenue of $28.26 billion during the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS. As a group, research analysts forecast that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.

HD has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Home Depot from $261.00 to $266.00 in a report on Wednesday, May 20th. Robert W. Baird lifted their target price on shares of Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Credit Suisse Group lifted their target price on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Oppenheimer assumed coverage on shares of Home Depot in a report on Friday, July 10th. They set a “buy” rating and a $274.00 target price for the company. Finally, Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a research report on Monday, June 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $256.30.

Home Depot Company 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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