Royal London Asset Management Ltd Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Royal London Asset Management Ltd reduced its stake in Home Depot Inc by 7.21% during the most recent quarter end. The investment management company now holds a total of 421,743 shares of Home Depot Inc which is valued at $57,804,096 after selling 32,794 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Home Depot Inc makes up approximately 0.92% of Royal London Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Ifc Holdings Incorporatedfl reduced its stake in HD by selling 3,566 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 58,586 shares of HD which is valued at $8,029,797. Home Depot Inc makes up approx 0.89% of Ifc Holdings Incorporatedfl’s portfolio.Tradewinds Capital Management reduced its stake in HD by selling 51 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 8,645 shares of HD which is valued at $1,195,085. Home Depot Inc makes up approx 0.82% of Tradewinds Capital Management’s portfolio.Investment Counsel boosted its stake in HD in the latest quarter, The investment management firm added 4,873 additional shares and now holds a total of 14,550 shares of Home Depot Inc which is valued at $1,999,316. Home Depot Inc makes up approx 1.57% of Investment Counsel’s portfolio.Mitchell Mcleod Pugh Williams Inc boosted its stake in HD in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 15,751 shares of Home Depot Inc which is valued at $2,147,491. Home Depot Inc makes up approx 1.59% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Indiana Trust Investment Management Co boosted its stake in HD in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 2,577 shares of Home Depot Inc which is valued at $333,335. Home Depot Inc makes up approx 0.17% of Indiana Trust Investment Management Co’s portfolio.

Home Depot Inc closed down -0.7 points or -0.51% at $136.21 with 31,82,761 shares getting traded on Monday. Post opening the session at $136.91, the shares hit an intraday low of $136.16 and an intraday high of $137.401 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Home Depot Inc reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 17, 2016. Analyst had a consensus of $1.35. The company had revenue of $22762.00 million for the quarter, compared to analysts expectations of $22389.43 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.Nomura Upgraded Home Depot Inc on Jun 23, 2016 to ” Buy”, Price Target of the shares are set at $155.Topeka Capital Markets Initiated Home Depot Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $158.

The Home Depot Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104000 square feet of enclosed space with approximately 24000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers do-it-for-me (DIFM) customers and professional customers. As of December 31 2014 the Company had 2269 The Home Depot stores which included 1977 stores in the United States including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada and 111 stores in Mexico.

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