Cannell Peter B & Co. Inc. Has $16.97 Million Holdings in Home Depot, Inc. (The) (HD)

Cannell Peter B & Co. Inc. cut its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,638 shares of the home improvement retailer’s stock after selling 1,945 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Home Depot were worth $16,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. raised its stake in shares of Home Depot by 0.4% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after buying an additional 6 shares in the last quarter. Mascoma Wealth Management LLC raised its stake in shares of Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares in the last quarter. Paragon Wealth Strategies LLC raised its stake in shares of Home Depot by 0.4% during the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after buying an additional 7 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. raised its stake in shares of Home Depot by 0.3% during the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after buying an additional 9 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its stake in shares of Home Depot by 0.6% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after buying an additional 9 shares in the last quarter. 70.37% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Matt Carey sold 32,000 shares of Home Depot stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

HD has been the subject of several research analyst reports. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the company a “buy” rating in a research note on Sunday, September 10th. Royal Bank Of Canada set a $179.00 price objective on Home Depot and gave the company a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group set a $171.00 price objective on Home Depot and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Bank of America raised their price objective on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average price target of $177.22.

Home Depot, Inc. (NYSE HD) traded down $0.62 during mid-day trading on Tuesday, hitting $184.28. The stock had a trading volume of 1,725,487 shares, compared to its average volume of 4,440,493. Home Depot, Inc. has a 1-year low of $128.68 and a 1-year high of $186.31. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The firm has a market capitalization of $210,685.28, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. sell-side analysts forecast that Home Depot, Inc. will post 7.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is 49.44%.

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Home Depot Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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