Home Depot Inc (HD) Shares Reduced by Putnam FL Investment Management Co.

Home Depot Inc (HD) Shares Reduced by Putnam FL Investment Management Co.

Putnam FL Investment Management Co. reduced its stake in Home Depot Inc (NYSE:HD) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 23,101 shares of the home improvement retailer’s stock after selling 434 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Home Depot were worth $4,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Home Depot by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,656,728 shares of the home improvement retailer’s stock worth $757,481,000 after purchasing an additional 48,674 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Home Depot by 102.8% during the third quarter. Quantbot Technologies LP now owns 54,898 shares of the home improvement retailer’s stock worth $11,372,000 after purchasing an additional 27,823 shares during the last quarter. Greenwood Capital Associates LLC boosted its holdings in Home Depot by 21.1% during the third quarter. Greenwood Capital Associates LLC now owns 28,019 shares of the home improvement retailer’s stock worth $5,805,000 after purchasing an additional 4,875 shares during the last quarter. Virtu Financial LLC boosted its holdings in Home Depot by 49.8% during the third quarter. Virtu Financial LLC now owns 19,647 shares of the home improvement retailer’s stock worth $4,070,000 after purchasing an additional 6,529 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Home Depot by 8.2% during the third quarter. Panagora Asset Management Inc. now owns 912,470 shares of the home improvement retailer’s stock worth $189,018,000 after purchasing an additional 69,094 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Several research analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Home Depot from $215.00 to $210.00 and set an “outperform” rating on the stock in a report on Tuesday, November 13th. Morgan Stanley lowered their price target on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Loop Capital lowered their price target on shares of Home Depot from $200.00 to $180.00 and set a “hold” rating on the stock in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Credit Suisse Group set a $204.00 price target on shares of Home Depot and gave the company a “hold” rating in a research report on Tuesday, November 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $204.60.

In other news, EVP Ann Marie Campbell sold 13,457 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the transaction, the executive vice president now owns 56,198 shares of the company’s stock, valued at approximately $9,702,022.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 7,203 shares of the stock in a transaction on Friday, December 7th. The stock was sold at an average price of $177.45, for a total transaction of $1,278,172.35. Following the completion of the transaction, the executive vice president now directly owns 23,109 shares in the company, valued at approximately $4,100,692.05. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 13,750 shares of company stock worth $2,401,470 and have sold 137,987 shares worth $24,769,526. Corporate insiders own 0.25% of the company’s stock.

Home Depot stock opened at $182.92 on Tuesday. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market cap of $207.16 billion, a P/E ratio of 24.52, a PEG ratio of 1.40 and a beta of 1.10. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $215.43.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. The business had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. Home Depot’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 EPS. Research analysts expect that Home Depot Inc will post 9.8 EPS for the current 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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