Terra Nova Asset Management LLC decreased its stake in Home Depot, Inc. (The) (NYSE:HD) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,841 shares of the home improvement retailer’s stock after selling 187 shares during the period. Home Depot, Inc. (The) accounts for approximately 1.7% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 26th largest position. Terra Nova Asset Management LLC’s holdings in Home Depot, Inc. (The) were worth $858,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. raised its position in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares in the last quarter. CT Financial Advisors LLC raised its position in 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 worth $111,000 after buying an additional 3 shares in the last quarter. University of Texas Investment Managment Co. acquired a new position in Home Depot, Inc. (The) during the first quarter worth approximately $132,000. Peoples Financial Services CORP. raised its position in 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 worth $151,000 after buying an additional 125 shares in the last quarter. Finally, Edge Wealth Management LLC raised its position in Home Depot, Inc. (The) by 5.0% in the first quarter. Edge Wealth Management LLC now owns 1,125 shares of the home improvement retailer’s stock worth $165,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) traded down 0.05% during mid-day trading on Wednesday, hitting $149.76. 994,401 shares of the company’s stock traded hands. The stock has a market cap of $176.54 billion, a P/E ratio of 21.55 and a beta of 1.08. The stock has a 50 day moving average price of $150.67 and a 200-day moving average price of $150.48. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. Home Depot, Inc. (The) also was the recipient of unusually large options trading on Monday. Stock traders acquired 24,916 call options on the company. This is an increase of approximately 105% compared to the typical volume of 12,141 call options.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the prior year, the firm posted $1.97 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Home Depot, Inc. will post $7.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is currently 51.15%.

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A number of research firms have commented on HD. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Thursday, August 24th. Stifel Nicolaus restated a “buy” rating and issued a $178.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price objective on the stock in a research note on Tuesday, May 30th. Longbow Research restated a “buy” rating and issued a $175.00 price objective on shares of Home Depot, Inc. (The) in a research note on Monday, August 14th. Finally, BidaskClub lowered shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Home Depot, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $169.77.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the sale, the executive vice president now owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

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.

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

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