Royal London Asset Management Ltd. lessened its stake in Home Depot Inc (NYSE:HD) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 593,369 shares of the home improvement retailer’s stock after selling 2,293 shares during the quarter. Home Depot accounts for approximately 1.2% of Royal London Asset Management Ltd.’s portfolio, making the stock its 12th biggest position. Royal London Asset Management Ltd. owned approximately 0.05% of Home Depot worth $123,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Advisors LLC purchased a new stake in Home Depot during the second quarter worth approximately $31,000. Thor Advisors LLC purchased a new stake in Home Depot in the first quarter valued at approximately $32,000. Virtus ETF Advisers LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Enlightenment Research LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $34,000. Finally, Private Ocean LLC lifted its stake in Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 69.81% of the company’s stock.

In other news, EVP Matt Carey sold 34,688 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the transaction, the executive vice president now owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the transaction, the executive vice president now directly owns 64,575 shares in the company, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. In the last three months, insiders sold 82,522 shares of company stock worth $16,156,831. Corporate insiders own 0.27% of the company’s stock.

A number of brokerages have weighed in on HD. Goldman Sachs Group began coverage on Home Depot in a research note on Thursday, July 11th. They issued a “buy” rating and a $235.00 price objective for the company. Wells Fargo & Co reiterated an “outperform” rating and issued a $230.00 price objective (up previously from $215.00) on shares of Home Depot in a research note on Wednesday. Loop Capital boosted their price objective on Home Depot to $195.00 and gave the company a “hold” rating in a research note on Friday, July 19th. ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Home Depot currently has an average rating of “Buy” and an average target price of $209.72.

Shares of NYSE:HD traded down $3.53 during trading on Wednesday, reaching $204.80. The company had a trading volume of 72,024 shares, compared to its average volume of 4,095,943. The company has a market cap of $231.08 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. The firm’s fifty day moving average price is $212.27. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $219.30.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion for the quarter, compared to analyst estimates of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 earnings per share. As a group, analysts forecast that Home Depot Inc will post 10.1 earnings per share for the current fiscal 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 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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