Renaissance Investment Group Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Renaissance Investment Group reduced its stake in Home Depot Inc by 0.41% during the most recent quarter end. The investment management company now holds a total of 69,204 shares of Home Depot Inc which is valued at $8,739,773 after selling 287 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Home Depot Inc makes up approximately 4.27% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd reduced its stake in HD by selling 4,700 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 376,999 shares of HD which is valued at $47,611,204. Home Depot Inc makes up approx 0.79% of Gulf International Bank (uk) Ltd’s portfolio.Carl Domino Inc reduced its stake in HD by selling 4,330 shares or 14.43% in the most recent quarter. The Hedge Fund company now holds 25,685 shares of HD which is valued at $3,232,457. Home Depot Inc makes up approx 3.08% of Carl Domino Inc’s portfolio.Nisa Investment Advisors reduced its stake in HD by selling 7,191 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 474,221 shares of HD which is valued at $59,680,713. Home Depot Inc makes up approx 0.78% of Nisa Investment Advisors’s portfolio.North Star Asset Management Inc reduced its stake in HD by selling 220 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 8,883 shares of HD which is valued at $1,133,293. Home Depot Inc makes up approx 0.13% of North Star Asset Management Inc’s portfolio.

Home Depot Inc closed down -1.4 points or -1.10% at $125.85 with 51,13,918 shares getting traded on Tuesday. Post opening the session at $126.85, the shares hit an intraday low of $125.46 and an intraday high of $127.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Home Depot Inc reported $1.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $1.97. The company had revenue of $26472.00 million for the quarter, compared to analysts expectations of $26489.16 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 155 from a previous price target of $150 .Company shares were Reiterated by Wedbush on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 145 from a previous price target of $140 .Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.

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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