Roffman Miller Associates Inc. PA Has $32.13 Million Holdings in Home Depot Inc (HD)

Roffman Miller Associates Inc. PA cut its holdings in Home Depot Inc (NYSE:HD) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,662 shares of the home improvement retailer’s stock after selling 1,955 shares during the quarter. Home Depot comprises approximately 3.9% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 3rd largest holding. Roffman Miller Associates Inc. PA’s holdings in Home Depot were worth $32,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Lucia Wealth Services LLC acquired a new position in shares of Home Depot during the first quarter worth about $101,000. Institutional & Family Asset Management LLC acquired a new position in shares of Home Depot during the first quarter worth about $108,000. Clarus Wealth Advisors acquired a new position in shares of Home Depot during the second quarter worth about $136,000. Landaas & Co. WI ADV acquired a new position in shares of Home Depot during the second quarter worth about $148,000. Finally, Princeton Capital Management LLC acquired a new position in shares of Home Depot during the first quarter worth about $151,000. Institutional investors own 69.11% of the company’s stock.

In other Home Depot news, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the sale, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the sale, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on HD. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group reiterated a “neutral” rating and set a $204.00 price target (down from $222.00) on shares of Home Depot in a research note on Wednesday. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday. Morgan Stanley boosted their price target on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research note on Sunday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $206.68.

Shares of HD opened at $179.85 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a twelve month low of $160.53 and a twelve month high of $215.43. The stock has a market cap of $211.86 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.46 and a beta of 1.11.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Home Depot Inc will post 9.58 EPS for the current year.

Home Depot 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 décor 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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