Appleton Partners Inc. MA reduced its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,067 shares of the home improvement retailer’s stock after selling 14,631 shares during the period. Home Depot, Inc. (The) accounts for approximately 2.3% of Appleton Partners Inc. MA’s investment portfolio, making the stock its 6th largest position. Appleton Partners Inc. MA’s holdings in Home Depot, Inc. (The) were worth $12,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advantage Investment Management LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $103,000. CT Financial Advisors LLC increased its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at $131,000. University of Texas Investment Managment Co. acquired a new position in shares of Home Depot, Inc. (The) during the first quarter valued at $132,000. Finally, Peoples Financial Services CORP. increased its position in shares of Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 71.27% of the company’s stock.

Home Depot, Inc. (HD) traded down 1.46% during midday trading on Friday, reaching $147.49. The company’s stock had a trading volume of 6,989,147 shares. The company’s 50-day moving average is $151.15 and its 200 day moving average is $150.06. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The firm has a market capitalization of $174.48 billion, a P/E ratio of 21.23 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same period last year, the firm earned $1.97 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

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Several research analysts recently weighed in on HD shares. Vetr downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $153.61 target price on the stock. in a research note on Monday, April 24th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Tuesday, April 25th. Royal Bank Of Canada restated a “buy” rating and set a $158.00 target price on shares of Home Depot, Inc. (The) in a research note on Tuesday, May 2nd. Credit Suisse Group set a $163.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, BTIG Research boosted their target price on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $169.81.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the transaction, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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