Modera Wealth Management LLC Has $1.15 Million Holdings in Home Depot Inc (NYSE:HD)

Modera Wealth Management LLC raised its holdings in Home Depot Inc (NYSE:HD) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,279 shares of the home improvement retailer’s stock after buying an additional 344 shares during the quarter. Modera Wealth Management LLC’s holdings in Home Depot were worth $1,153,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Tompkins Financial Corp boosted its position in shares of Home Depot by 2.0% during the fourth quarter. Tompkins Financial Corp now owns 28,412 shares of the home improvement retailer’s stock valued at $6,205,000 after purchasing an additional 547 shares in the last quarter. Grassi Investment Management boosted its position in Home Depot by 0.3% during the fourth quarter. Grassi Investment Management now owns 38,492 shares of the home improvement retailer’s stock worth $8,406,000 after acquiring an additional 134 shares during the last quarter. Bowling Portfolio Management LLC boosted its position in Home Depot by 37.1% during the fourth quarter. Bowling Portfolio Management LLC now owns 6,845 shares of the home improvement retailer’s stock worth $1,495,000 after acquiring an additional 1,851 shares during the last quarter. Zweig DiMenna Associates LLC boosted its position in Home Depot by 81.5% during the fourth quarter. Zweig DiMenna Associates LLC now owns 59,499 shares of the home improvement retailer’s stock worth $12,993,000 after acquiring an additional 26,719 shares during the last quarter. Finally, Accurate Investment Solutions Inc. boosted its position in Home Depot by 5.5% during the fourth quarter. Accurate Investment Solutions Inc. now owns 1,621 shares of the home improvement retailer’s stock worth $354,000 after acquiring an additional 84 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

In related news, EVP Teresa Wynn Roseborough sold 12,974 shares of Home Depot stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the sale, the executive vice president now owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig A. Menear sold 113,468 shares of Home Depot stock in a transaction on Friday, December 13th. The stock was sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the sale, the chief executive officer now directly owns 277,604 shares in the company, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. In the last three months, insiders sold 126,552 shares of company stock worth $26,765,281. Insiders own 0.27% of the company’s stock.

A number of brokerages recently issued reports on HD. ValuEngine upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. Morgan Stanley raised their target price on shares of Home Depot from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Robert W. Baird raised their target price on shares of Home Depot from $230.00 to $245.00 and gave the stock an “accumulate” rating in a research report on Tuesday, November 19th. Royal Bank of Canada decreased their price target on shares of Home Depot from $246.00 to $232.00 and set an “outperform” rating on the stock in a report on Thursday, December 12th. Finally, Bank of America reiterated a “hold” rating and issued a $235.00 price target on shares of Home Depot in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $238.65.

Shares of HD stock opened at $241.37 on Tuesday. The company’s fifty day simple moving average is $226.91 and its 200-day simple moving average is $224.74. Home Depot Inc has a 52 week low of $179.52 and a 52 week high of $240.61. The company has a market cap of $258.85 billion, a PE ratio of 23.99, a P/E/G ratio of 2.01 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.53. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The business had revenue of $27.22 billion for the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter last year, the firm posted $2.51 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.

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.

Read More: Diversification For Individual Investors

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)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.