Rossmore Private Capital increased its position in shares of Home Depot Inc (NYSE:HD) by 59.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 19,500 shares of the home improvement retailer’s stock after buying an additional 7,279 shares during the quarter. Home Depot makes up 1.3% of Rossmore Private Capital’s investment portfolio, making the stock its 18th largest holding. Rossmore Private Capital’s holdings in Home Depot were worth $3,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Your Advocates Ltd. LLP bought a new stake in shares of Home Depot during the 1st quarter worth $27,000. Lion Street Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter worth $28,000. Litman Gregory Asset Management LLC boosted its holdings in shares of Home Depot by 2,042.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after buying an additional 143 shares during the period. Evolution Wealth Advisors LLC boosted its holdings in shares of Home Depot by 85.9% during the 4th quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 73 shares during the period. Finally, John W. Brooker & Co. CPAs acquired a new position in Home Depot during the 4th quarter valued at $37,000. 70.78% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Cfra upgraded shares of Home Depot from a “hold” rating to a “strong-buy” rating and set a $255.00 target price for the company in a research note on Wednesday, March 11th. Stifel Nicolaus cut their target price on shares of Home Depot from $270.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Raymond James cut their target price on shares of Home Depot from $270.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Gordon Haskett cut shares of Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $235.00 target price for the company in a research note on Friday, March 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $240.85.

NYSE:HD traded up $4.85 during mid-day trading on Friday, reaching $239.33. 16,172,476 shares of the company were exchanged, compared to its average volume of 6,254,363. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $247.36. The company has a fifty day moving average of $206.67 and a 200 day moving average of $219.28. The stock has a market cap of $251.81 billion, a PE ratio of 23.35, a PEG ratio of 2.15 and a beta of 1.03.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.17. Home Depot had a net margin of 10.20% and a negative return on equity of 599.49%. The firm had revenue of $25.78 billion for the quarter, compared to analyst estimates of $25.78 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Home Depot Inc will post 9.75 EPS for the current fiscal year.

In other news, EVP William G. Lennie sold 9,848 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $234.34, for a total value of $2,307,780.32. Following the transaction, the executive vice president now owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

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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