Home Depot Inc (NYSE:HD) Shares Bought by Huntington National Bank

Huntington National Bank raised its stake in Home Depot Inc (NYSE:HD) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,002 shares of the home improvement retailer’s stock after purchasing an additional 3,105 shares during the period. Home Depot comprises 1.4% of Huntington National Bank’s investment portfolio, making the stock its 12th biggest position. Huntington National Bank’s holdings in Home Depot were worth $91,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Cedar Mountain Advisors LLC increased its holdings in shares of Home Depot by 4.5% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock valued at $234,000 after acquiring an additional 40 shares during the last quarter. Alpha Windward LLC increased its holdings in shares of Home Depot by 1.4% in the 2nd quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock valued at $767,000 after acquiring an additional 41 shares during the last quarter. Iron Financial LLC increased its holdings in shares of Home Depot by 2.9% in the 2nd quarter. Iron Financial LLC now owns 1,449 shares of the home improvement retailer’s stock valued at $363,000 after acquiring an additional 41 shares during the last quarter. Tranquility Partners LLC increased its holdings in shares of Home Depot by 1.3% in the 2nd quarter. Tranquility Partners LLC now owns 3,297 shares of the home improvement retailer’s stock valued at $826,000 after acquiring an additional 41 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC increased its holdings in shares of Home Depot by 15.2% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 318 shares of the home improvement retailer’s stock valued at $59,000 after acquiring an additional 42 shares during the last quarter. 69.65% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on HD. Wedbush increased their price objective on Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Piper Sandler increased their price objective on Home Depot from $231.00 to $236.00 and gave the company a “neutral” rating in a report on Friday, May 15th. They noted that the move was a valuation call. Raymond James raised their price target on Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Gordon Haskett downgraded Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a research note on Monday, June 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $256.30.

In related news, EVP William G. Lennie sold 17,993 shares of Home Depot stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the transaction, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

HD opened at $265.49 on Friday. The business has a 50 day simple moving average of $252.21 and a 200-day simple moving average of $229.53. The stock has a market capitalization of $285.54 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $269.07.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.19). The business had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 earnings per share. As a group, sell-side analysts expect that Home Depot Inc will post 10.09 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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