Home Depot Inc (HD) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in Home Depot Inc (NYSE:HD) by 4.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 410,254 shares of the home improvement retailer’s stock after selling 17,500 shares during the period. Canada Pension Plan Investment Board’s holdings in Home Depot were worth $67,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Jacobi Capital Management LLC increased its position in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares in the last quarter. Glassman Wealth Services increased its position in shares of Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC increased its position in shares of Home Depot by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares in the last quarter. Finally, Mascoma Wealth Management LLC increased its position in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares in the last quarter. 70.18% of the stock is owned by institutional investors.

In related news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares in the company, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Home Depot Inc (NYSE:HD) traded up $1.74 during mid-day trading on Monday, hitting $196.42. 6,748,104 shares of the stock traded hands, compared to its average volume of 4,197,178. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot Inc has a twelve month low of $134.60 and a twelve month high of $199.42. The stock has a market cap of $229,370.00, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.82 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period in the prior year, the company posted $1.60 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. research analysts expect that Home Depot Inc will post 7.38 EPS for the current year.

Home Depot declared that its board has authorized a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

HD has been the topic of a number of recent analyst reports. Robert W. Baird set a $185.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Bank of America boosted their price objective on shares of Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Royal Bank of Canada set a $179.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Credit Suisse Group set a $171.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $183.28.

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

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

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