Levin Capital Strategies L.P. Has $1.18 Million Position in Home Depot Inc (HD)

Levin Capital Strategies L.P. lessened its holdings in Home Depot Inc (NYSE:HD) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,033 shares of the home improvement retailer’s stock after selling 709 shares during the period. Levin Capital Strategies L.P.’s holdings in Home Depot were worth $1,177,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HD. Fiera Capital Corp lifted its position in Home Depot by 83.7% during the 2nd quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock worth $1,338,000 after acquiring an additional 3,125 shares during the last quarter. Amalgamated Bank lifted its position in Home Depot by 4.2% during the 2nd quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock worth $35,126,000 after acquiring an additional 7,323 shares during the last quarter. Dupont Capital Management Corp lifted its position in Home Depot by 3.3% during the 2nd quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock worth $37,264,000 after acquiring an additional 6,025 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Home Depot by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after acquiring an additional 230,769 shares during the last quarter. Finally, Heritage Investors Management Corp lifted its position in Home Depot by 0.3% during the 2nd quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock worth $28,177,000 after acquiring an additional 395 shares during the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on HD. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group reissued a “neutral” rating and set a $204.00 target price (down previously from $222.00) on shares of Home Depot in a research report on Wednesday. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley boosted their target price on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $230.00 target price on shares of Home Depot in a research report on Sunday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $206.68.

In related news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the sale, the executive vice president now owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the sale, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

NYSE:HD opened at $180.44 on Friday. Home Depot Inc has a 52-week low of $160.53 and a 52-week high of $215.43. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. The stock has a market cap of $237.01 billion, a PE ratio of 24.19, a P/E/G ratio of 1.63 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts expect that Home Depot Inc will post 9.58 earnings per share for the current year.

Home Depot Company 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 Home Depot (NYSE:HD)

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