488,686 Shares in Home Depot, Inc. (The) (HD) Acquired by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC purchased a new stake in shares of Home Depot, Inc. (The) (NYSE:HD) during the third quarter, Holdings Channel reports. The fund purchased 488,686 shares of the home improvement retailer’s stock, valued at approximately $62,884,000. Home Depot, Inc. (The) accounts for approximately 1.4% of Piedmont Investment Advisors LLC’s holdings, making the stock its 14th largest position.

Other institutional investors have also made changes to their positions in the company. Edge Wealth Management LLC boosted its stake in Home Depot, Inc. (The) by 0.3% in the third quarter. Edge Wealth Management LLC now owns 1,068 shares of the home improvement retailer’s stock worth $137,000 after buying an additional 3 shares during the last quarter. West Coast Financial LLC boosted its stake in Home Depot, Inc. (The) by 0.3% in the third quarter. West Coast Financial LLC now owns 1,760 shares of the home improvement retailer’s stock worth $226,000 after buying an additional 5 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Home Depot, Inc. (The) by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,701 shares of the home improvement retailer’s stock worth $217,000 after buying an additional 9 shares during the last quarter. Piershale Financial Group Inc. boosted its stake in Home Depot, Inc. (The) by 0.5% in the third quarter. Piershale Financial Group Inc. now owns 2,270 shares of the home improvement retailer’s stock worth $292,000 after buying an additional 12 shares during the last quarter. Finally, Cape ANN Savings Bank boosted its stake in Home Depot, Inc. (The) by 0.7% in the third quarter. Cape ANN Savings Bank now owns 1,759 shares of the home improvement retailer’s stock worth $226,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

Shares of Home Depot, Inc. (NYSE:HD) opened at 139.87 on Tuesday. The company has a market capitalization of $170.38 billion, a price-to-earnings ratio of 22.71 and a beta of 1.09. The firm’s 50-day moving average is $136.49 and its 200 day moving average is $131.79. Home Depot, Inc. has a 12 month low of $113.52 and a 12 month high of $140.65.

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A number of research analysts have weighed in on HD shares. Vetr lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $129.26 price objective on the stock. in a research note on Wednesday, November 9th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research note on Tuesday, January 17th. Macquarie reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 1st. Piper Jaffray Companies lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $152.00 to $121.00 in a research note on Monday, October 31st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $149.00 price target (down from $158.00) on shares of Home Depot, Inc. (The) in a research report on Sunday, December 4th. Eight investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $145.62.

In other news, Director Jeffery H. Boyd acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was purchased at an average cost of $128.27 per share, for a total transaction of $1,282,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $1,282,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward P. Decker sold 20,000 shares of Home Depot, Inc. (The) stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $130.80, for a total value of $2,616,000.00. Following the completion of the sale, the executive vice president now owns 63,878 shares of the company’s stock, valued at $8,355,242.40. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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. (The) (NYSE:HD).

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