Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $72.94 Million Stake in Home Depot Inc (NYSE:HD)

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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Home Depot Inc (NYSE:HD) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,661 shares of the home improvement retailer’s stock after purchasing an additional 897 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Home Depot were worth $72,944,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HD. Armbruster Capital Management Inc. grew its position in Home Depot by 6.6% during the second quarter. Armbruster Capital Management Inc. now owns 1,386 shares of the home improvement retailer’s stock worth $347,000 after buying an additional 86 shares in the last quarter. Bruderman Asset Management LLC grew its position in Home Depot by 8.5% during the second quarter. Bruderman Asset Management LLC now owns 28,186 shares of the home improvement retailer’s stock worth $6,994,000 after buying an additional 2,206 shares in the last quarter. Fiduciary Planning LLC grew its position in Home Depot by 10.8% during the second quarter. Fiduciary Planning LLC now owns 5,660 shares of the home improvement retailer’s stock worth $1,503,000 after buying an additional 552 shares in the last quarter. Grove Bank & Trust grew its position in Home Depot by 1.5% during the second quarter. Grove Bank & Trust now owns 7,798 shares of the home improvement retailer’s stock worth $1,953,000 after buying an additional 113 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC grew its position in Home Depot by 3.2% during the second quarter. WESPAC Advisors SoCal LLC now owns 32,755 shares of the home improvement retailer’s stock worth $8,192,000 after buying an additional 1,027 shares in the last quarter. 69.00% of the stock is currently owned by institutional investors.

Home Depot stock traded up $0.12 during trading hours on Friday, reaching $287.66. 3,109,401 shares of the company’s stock were exchanged, compared to its average volume of 4,963,838. The firm’s 50 day simple moving average is $278.34 and its 200 day simple moving average is $251.27. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $292.95. The firm has a market capitalization of $309.65 billion, a PE ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $32.13 billion. During the same period last year, the business posted $3.17 EPS. The business’s revenue was up 23.4% compared to the same quarter last year. On average, research analysts expect that Home Depot Inc will post 11.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 2.09%. Home Depot’s payout ratio is currently 58.54%.

A number of equities research analysts recently issued reports on HD shares. DA Davidson started coverage on Home Depot in a research report on Friday, August 14th. They set a “neutral” rating and a $290.00 price target on the stock. They noted that the move was a valuation call. Raymond James upped their target price on Home Depot from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Barclays upped their target price on Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Goldman Sachs Group upped their target price on Home Depot from $265.00 to $301.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Finally, BofA Securities upgraded Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the stock from $290.00 to $330.00 in a research note 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 issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $288.79.

In other news, EVP Teresa Wynn Roseborough sold 41,947 shares of the firm’s 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. 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 value of $13,953,633.54. Following the completion of the sale, the executive vice president now owns 62,735 shares of the company’s stock, valued at $17,341,836.05. The disclosure for this sale can be found here. Over 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.

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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