The Home Depot, Inc. (NYSE:HD) Shares Sold by Valmark Advisers Inc.

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Valmark Advisers Inc. lessened its stake in The Home Depot, Inc. (NYSE:HD) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,866 shares of the home improvement retailer’s stock after selling 278 shares during the quarter. Valmark Advisers Inc.’s holdings in The Home Depot were worth $796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price Wealth LLC boosted its holdings in shares of The Home Depot by 138.5% in the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 72 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of The Home Depot in the 3rd quarter valued at $45,000. JJJ Advisors Inc. lifted its holdings in shares of The Home Depot by 201.6% during the 3rd quarter. JJJ Advisors Inc. now owns 184 shares of the home improvement retailer’s stock valued at $51,000 after acquiring an additional 123 shares in the last quarter. Evolution Wealth Advisors LLC lifted its holdings in shares of The Home Depot by 138.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 111 shares in the last quarter. Finally, First Bank & Trust lifted its holdings in shares of The Home Depot by 34.0% during the 3rd quarter. First Bank & Trust now owns 197 shares of the home improvement retailer’s stock valued at $55,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.

Several research firms recently weighed in on HD. Loop Capital lifted their target price on shares of The Home Depot from $275.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. UBS Group lifted their target price on shares of The Home Depot from $300.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Oppenheimer lowered shares of The Home Depot from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $320.00 to $305.00 in a report on Friday, September 18th. Morgan Stanley boosted their price objective on shares of The Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Finally, Wedbush lowered shares of The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. Six research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $288.88.

In other news, EVP Matt Carey sold 50,478 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the completion of the sale, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William G. Lennie sold 13,199 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the completion of the sale, the executive vice president now directly owns 49,736 shares of the company’s stock, valued at $14,086,229.92. The disclosure for this sale can be found here. Insiders have sold a total of 105,624 shares of company stock valued at $29,429,883 over the last three months. 0.26% of the stock is currently owned by company insiders.

The Home Depot stock opened at $274.68 on Tuesday. The firm has a 50-day moving average price of $279.64 and a two-hundred day moving average price of $263.61. The firm has a market capitalization of $300.94 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.18 and a beta of 1.11. The Home Depot, Inc. has a 52-week low of $140.63 and a 52-week high of $292.95.

The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.82. The firm had revenue of $38.05 billion during the quarter, compared to analyst estimates of $32.13 billion. The Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The Home Depot’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.17 EPS. Research analysts anticipate that The Home Depot, Inc. will post 11.43 earnings per share for the current year.

The 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 The Home Depot (NYSE:HD)

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