Marble Harbor Investment Counsel LLC Sells 50 Shares of The Home Depot, Inc. (NYSE:HD)

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Marble Harbor Investment Counsel LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,580 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in The Home Depot were worth $2,105,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of HD. Vanguard Group Inc. boosted its position in shares of The Home Depot by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 91,547,627 shares of the home improvement retailer’s stock valued at $22,933,597,000 after acquiring an additional 5,714,595 shares in the last quarter. FMR LLC raised its stake in shares of The Home Depot by 2.4% during the second quarter. FMR LLC now owns 19,084,248 shares of the home improvement retailer’s stock worth $4,780,796,000 after buying an additional 441,321 shares during the last quarter. Bank of New York Mellon Corp increased its stake in The Home Depot by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 10,095,006 shares of the home improvement retailer’s stock valued at $2,528,899,000 after purchasing an additional 43,968 shares in the last quarter. Morgan Stanley increased its stake in The Home Depot by 2.4% in the first quarter. Morgan Stanley now owns 9,255,927 shares of the home improvement retailer’s stock valued at $1,728,173,000 after purchasing an additional 216,078 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in The Home Depot by 3.0% in the second quarter. Fisher Asset Management LLC now owns 6,391,543 shares of the home improvement retailer’s stock valued at $1,601,145,000 after purchasing an additional 183,830 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.

HD stock traded down $8.07 during trading hours on Tuesday, reaching $271.50. The stock had a trading volume of 142,363 shares, compared to its average volume of 4,814,653. The stock has a market capitalization of $300.94 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11. The stock has a 50-day simple moving average of $279.64 and a 200 day simple moving average of $263.61. The Home Depot, Inc. has a fifty-two week low of $140.63 and a fifty-two week high of $292.95.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.82. The Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The company had revenue of $38.05 billion for the quarter, compared to analyst estimates of $32.13 billion. During the same period in the prior year, the firm earned $3.17 earnings per share. The company’s revenue was up 23.4% on a year-over-year basis. As a group, sell-side analysts predict that The Home Depot, Inc. will post 11.43 earnings per share for the current fiscal year.

In other The Home Depot news, EVP William G. Lennie sold 13,199 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were 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 link. Also, EVP Matt Carey sold 50,478 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the completion of the transaction, the executive vice president now directly owns 62,735 shares in the company, valued at $17,341,836.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,624 shares of company stock worth $29,429,883. 0.26% of the stock is owned by insiders.

Several brokerages have commented on HD. The Goldman Sachs Group upped their target price on shares of The Home Depot from $265.00 to $301.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Telsey Advisory Group raised shares of The Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $300.00 to $315.00 in a research note on Monday. Robert W. Baird upped their target price on shares of The Home Depot from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of The Home Depot in a research note on Monday, August 17th. Finally, Loop Capital upped their target price on shares of The Home Depot from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Six 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. The stock has an average rating of “Buy” and a consensus target price of $288.88.

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

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