Bridge Creek Capital Management LLC Lowers Holdings in Home Depot Inc (NYSE:HD)

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Bridge Creek Capital Management LLC trimmed its holdings in Home Depot Inc (NYSE:HD) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,608 shares of the home improvement retailer’s stock after selling 406 shares during the period. Bridge Creek Capital Management LLC’s holdings in Home Depot were worth $2,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. IFM Investors Pty Ltd lifted its position in shares of Home Depot by 11.2% in the third quarter. IFM Investors Pty Ltd now owns 89,439 shares of the home improvement retailer’s stock valued at $24,838,000 after acquiring an additional 9,029 shares in the last quarter. Triton Wealth Management PLLC lifted its position in shares of Home Depot by 24.8% in the third quarter. Triton Wealth Management PLLC now owns 1,063 shares of the home improvement retailer’s stock valued at $298,000 after acquiring an additional 211 shares in the last quarter. Asio Capital LLC lifted its position in shares of Home Depot by 17.1% in the third quarter. Asio Capital LLC now owns 820 shares of the home improvement retailer’s stock valued at $228,000 after acquiring an additional 120 shares in the last quarter. Polaris Wealth Advisory Group LLC lifted its position in shares of Home Depot by 3.6% in the third quarter. Polaris Wealth Advisory Group LLC now owns 6,106 shares of the home improvement retailer’s stock valued at $1,723,000 after acquiring an additional 212 shares in the last quarter. Finally, First Dallas Securities Inc. purchased a new position in shares of Home Depot in the third quarter valued at about $1,487,000. Institutional investors and hedge funds own 69.00% of the company’s stock.

Several equities analysts have recently commented on the company. Nomura boosted their price objective on Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Argus boosted their price objective on Home Depot from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. UBS Group lifted their target price on Home Depot from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Credit Suisse Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Home Depot in a report on Monday, August 17th. Finally, Bank of America raised Home Depot from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $290.00 to $330.00 in a report on Wednesday, August 19th. Eight research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and an average target price of $288.79.

In related news, EVP William G. Lennie sold 13,199 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total value of $3,738,220.78. Following the transaction, the executive vice president now directly owns 49,736 shares of the company’s stock, valued at approximately $14,086,229.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $279.83, for a total value of $11,738,029.01. In the last quarter, insiders have sold 119,304 shares of company stock valued at $32,088,591. Company insiders own 0.26% of the company’s stock.

Shares of HD traded up $0.12 during midday trading on Friday, hitting $287.66. 3,109,401 shares of the company’s stock traded hands, compared to its average volume of 4,963,838. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $292.95. The firm’s fifty day moving average is $278.34 and its 200-day moving average is $251.27. The stock has a market capitalization of $309.65 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, beating the consensus estimate of $3.20 by $0.82. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The firm had revenue of $38.05 billion during the quarter, compared to analyst estimates of $32.13 billion. During the same quarter in the prior year, the business posted $3.17 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, research analysts expect that Home Depot Inc will post 11.36 EPS for the current fiscal 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 d├ęcor 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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