Integrated Investment Consultants LLC Has $582,000 Holdings in Home Depot Inc (HD)

Integrated Investment Consultants LLC raised its holdings in shares of Home Depot Inc (NYSE:HD) by 7.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,390 shares of the home improvement retailer’s stock after purchasing an additional 236 shares during the period. Integrated Investment Consultants LLC’s holdings in Home Depot were worth $582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Long Island Investors LLC increased its holdings in Home Depot by 1.6% in the third quarter. First Long Island Investors LLC now owns 109,544 shares of the home improvement retailer’s stock valued at $22,692,000 after purchasing an additional 1,713 shares during the last quarter. Cadence Capital Management LLC increased its holdings in Home Depot by 1.2% in the third quarter. Cadence Capital Management LLC now owns 43,509 shares of the home improvement retailer’s stock valued at $9,013,000 after purchasing an additional 535 shares during the last quarter. Buckingham Asset Management LLC increased its holdings in Home Depot by 7.9% in the third quarter. Buckingham Asset Management LLC now owns 11,456 shares of the home improvement retailer’s stock valued at $2,373,000 after purchasing an additional 838 shares during the last quarter. Beach Investment Management LLC. increased its holdings in Home Depot by 43.4% in the third quarter. Beach Investment Management LLC. now owns 5,780 shares of the home improvement retailer’s stock valued at $1,197,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. increased its holdings in Home Depot by 4.4% in the third quarter. Canandaigua National Bank & Trust Co. now owns 13,234 shares of the home improvement retailer’s stock valued at $2,741,000 after purchasing an additional 559 shares during the last quarter. 70.93% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Mark Holifield sold 12,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the completion of the transaction, the executive vice president now directly owns 39,794 shares of the company’s stock, valued at $7,306,178.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 5,450 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total value of $1,006,451.50. Following the transaction, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock valued at $7,553,141 over the last ninety days. 0.27% of the stock is owned by insiders.

A number of equities research analysts recently commented on HD shares. Citigroup dropped their price objective on Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a report on Monday, April 1st. Deutsche Bank boosted their target price on Home Depot from $200.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Edward Jones raised Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Royal Bank of Canada decreased their target price on Home Depot from $223.00 to $217.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, DZ Bank cut Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $204.71.

HD stock opened at $191.76 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. The stock has a market cap of $210.81 billion, a PE ratio of 19.39, a PEG ratio of 1.65 and a beta of 1.09. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion during the quarter, compared to analysts’ expectations of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. Home Depot’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 earnings per share. As a group, equities research analysts anticipate that Home Depot Inc will post 10.08 EPS for the current fiscal year.

Home Depot declared that its board has authorized a stock repurchase program on Tuesday, February 26th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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About Home Depot

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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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

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