Mechanics Bank Trust Department buys $2,066,780 stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Mechanics Bank Trust Department scooped up 615 additional shares in Home Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 15,235 shares of Home Depot Inc which is valued at $2,066,780.Home Depot Inc makes up approximately 0.79% of Mechanics Bank Trust Department’s portfolio.

Home Depot Inc opened for trading at $135.37 and hit $136.28 on the upside on Wednesday, eventually ending the session at $135.75, with a gain of 0.30% or 0.41 points. The heightened volatility saw the trading volume jump to 34,88,050 shares. Company has a market cap of $170,088 M.

Other Hedge Funds, Including , Gw Henssler Associates Ltd reduced its stake in HD by selling 748 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 21,023 shares of HD which is valued at $2,851,980. Home Depot Inc makes up approx 0.33% of Gw Henssler Associates Ltd’s portfolio.Murphy Pohlad Asset Management reduced its stake in HD by selling 100 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 5,892 shares of HD which is valued at $799,309. Home Depot Inc makes up approx 0.59% of Murphy Pohlad Asset Management’s portfolio.Independence Trust Co reduced its stake in HD by selling 2,546 shares or 5.82% in the most recent quarter. The Hedge Fund company now holds 41,176 shares of HD which is valued at $5,585,936. Home Depot Inc makes up approx 8.79% of Independence Trust Co’s portfolio.Van Cleef Asset Managementinc reduced its stake in HD by selling 200 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 27,789 shares of HD which is valued at $3,769,856. Home Depot Inc makes up approx 1.32% of Van Cleef Asset Managementinc’s portfolio.Charter Trust Co reduced its stake in HD by selling 151 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 23,918 shares of HD which is valued at $3,181,333. Home Depot Inc makes up approx 0.39% of Charter Trust Co’s portfolio.

On the company’s financial health, Home Depot Inc reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $1.10. The company had revenue of $20980.00 million for the quarter, compared to analysts expectations of $20396.59 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Barclays Initiated Home Depot Inc on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $150.Home Depot Inc was Upgraded by Deutsche Bank to ” Buy” on Jan 25, 2016.

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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