Home Depot Inc (NYSE:HD) Stake Boosted by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. grew its stake in shares of Home Depot Inc (NYSE:HD) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,976 shares of the home improvement retailer’s stock after purchasing an additional 65 shares during the quarter. Home Depot makes up 1.6% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 19th largest holding. Schmidt P J Investment Management Inc.’s holdings in Home Depot were worth $5,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in Home Depot during the 1st quarter valued at $153,000. Foundations Investment Advisors LLC boosted its stake in Home Depot by 17.7% during the 1st quarter. Foundations Investment Advisors LLC now owns 3,298 shares of the home improvement retailer’s stock valued at $589,000 after purchasing an additional 495 shares in the last quarter. Budros Ruhlin & Roe Inc. boosted its stake in Home Depot by 20.6% during the 1st quarter. Budros Ruhlin & Roe Inc. now owns 6,718 shares of the home improvement retailer’s stock valued at $1,254,000 after purchasing an additional 1,147 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Home Depot by 10.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,099 shares of the home improvement retailer’s stock valued at $579,000 after purchasing an additional 286 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Home Depot by 0.9% during the 1st quarter. Natixis Advisors L.P. now owns 412,064 shares of the home improvement retailer’s stock valued at $76,936,000 after purchasing an additional 3,715 shares in the last quarter. 69.65% of the stock is owned by institutional investors.

NYSE HD opened at $265.49 on Friday. Home Depot Inc has a 1-year low of $140.63 and a 1-year high of $269.07. The company has a market capitalization of $285.54 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The firm’s fifty day simple moving average is $252.21 and its 200-day simple moving average is $229.53.

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

A number of brokerages have issued reports on HD. Robert W. Baird increased their price target on Home Depot from $215.00 to $265.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Morgan Stanley increased their price objective on Home Depot from $245.00 to $260.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Stifel Nicolaus increased their price objective on Home Depot from $260.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Bank of America increased their price objective on Home Depot from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Finally, Credit Suisse Group increased their price objective on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $256.30.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the transaction, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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 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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