Raymond James Trust N.A. Boosts Stock Holdings in Home Depot Inc (NYSE:HD)

Raymond James Trust N.A. grew its position in Home Depot Inc (NYSE:HD) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,315 shares of the home improvement retailer’s stock after purchasing an additional 550 shares during the quarter. Home Depot makes up about 1.7% of Raymond James Trust N.A.’s portfolio, making the stock its 6th largest position. Raymond James Trust N.A.’s holdings in Home Depot were worth $38,412,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HD. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Home Depot by 1.3% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 326,905 shares of the home improvement retailer’s stock valued at $61,036,000 after purchasing an additional 4,303 shares during the last quarter. Morgan Stanley lifted its position in shares of Home Depot by 2.4% during the 1st quarter. Morgan Stanley now owns 9,255,927 shares of the home improvement retailer’s stock valued at $1,728,173,000 after acquiring an additional 216,078 shares during the period. Guardian Capital LP lifted its position in shares of Home Depot by 3.8% during the 1st quarter. Guardian Capital LP now owns 55,925 shares of the home improvement retailer’s stock valued at $10,442,000 after acquiring an additional 2,028 shares during the period. Aspen Investment Management Inc lifted its position in shares of Home Depot by 3.8% during the 1st quarter. Aspen Investment Management Inc now owns 7,576 shares of the home improvement retailer’s stock valued at $1,415,000 after acquiring an additional 280 shares during the period. Finally, Full Sail Capital LLC lifted its position in shares of Home Depot by 51.9% during the 1st quarter. Full Sail Capital LLC now owns 6,780 shares of the home improvement retailer’s stock valued at $1,589,000 after acquiring an additional 2,318 shares during the period. 69.00% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on HD. Bank of America upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the company from $290.00 to $330.00 in a research report on Wednesday, August 19th. Robert W. Baird boosted their target price on shares of Home Depot from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Exane BNP Paribas began coverage on shares of Home Depot in a research report on Monday, October 5th. They set an “outperform” rating and a $310.00 target price on the stock. Goldman Sachs Group boosted their target price on shares of Home Depot from $265.00 to $301.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Finally, UBS Group upped their price objective on shares of Home Depot from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $288.79.

In related news, EVP Matt Carey sold 50,478 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the sale, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at $17,341,836.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William G. Lennie sold 13,199 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the completion of the sale, the executive vice president now directly owns 49,736 shares in the company, valued at $14,086,229.92. The disclosure for this sale can be found here. Insiders sold 119,304 shares of company stock worth $32,088,591 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Shares of Home Depot stock opened at $287.66 on Friday. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $292.95. The company has a market cap of $309.65 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09. The company’s 50-day moving average price is $278.34 and its 200-day moving average price is $251.27.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.82. The business had revenue of $38.05 billion for the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. Home Depot’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the firm posted $3.17 earnings per share. As a group, equities research analysts expect that Home Depot Inc will post 11.36 EPS for the current year.

About Home Depot

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.

Featured Article: Day Trading

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.