Mercer Capital Advisers Inc. Continues to Hold Stake in Home Depot, Inc. (The) (HD)

Mercer Capital Advisers Inc. held its position in Home Depot, Inc. (The) (NYSE:HD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the home improvement retailer’s stock at the end of the first quarter. Mercer Capital Advisers Inc.’s holdings in Home Depot, Inc. (The) were worth $276,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CT Financial Advisors LLC increased its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Piershale Financial Group Inc. increased its position in shares of Home Depot, Inc. (The) by 0.6% in the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 13 shares in the last quarter. LVM Capital Management Ltd. MI increased its position in shares of Home Depot, Inc. (The) by 1.1% in the first quarter. LVM Capital Management Ltd. MI now owns 2,087 shares of the home improvement retailer’s stock valued at $306,000 after buying an additional 23 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its position in shares of Home Depot, Inc. (The) by 0.7% in the first quarter. Newman Dignan & Sheerar Inc. now owns 3,622 shares of the home improvement retailer’s stock valued at $532,000 after buying an additional 24 shares in the last quarter. Finally, Baldwin Brothers Inc. MA increased its position in shares of Home Depot, Inc. (The) by 1.8% in the first quarter. Baldwin Brothers Inc. MA now owns 1,354 shares of the home improvement retailer’s stock valued at $199,000 after buying an additional 24 shares in the last quarter. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) traded down 0.036% during trading on Tuesday, reaching $153.295. The company’s stock had a trading volume of 2,476,662 shares. The stock has a market cap of $183.27 billion, a P/E ratio of 22.938 and a beta of 1.08. The stock’s 50-day moving average is $152.13 and its 200-day moving average is $148.92. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The firm had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Equities research analysts anticipate that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

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Several research analysts have recently commented on the company. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 16th. UBS AG reiterated a “buy” rating and set a $175.00 target price (up from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Atlantic Securities downgraded Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price for the company. in a research note on Thursday, May 11th. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 target price (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot, Inc. (The) presently has an average rating of “Buy” and an average price target of $164.48.

In other news, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the transaction, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wayne M. Hewett acquired 350 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $219,954. The disclosure for this purchase can be found here. In the last quarter, insiders sold 128,900 shares of company stock worth $20,167,386. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

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, Inc. (The) (NYSE:HD)

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