Congress Asset Management Co. MA cut its stake in Home Depot, Inc. (The) (NYSE:HD) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 481,136 shares of the home improvement retailer’s stock after selling 20,247 shares during the quarter. Home Depot, Inc. (The) accounts for about 1.4% of Congress Asset Management Co. MA’s investment portfolio, making the stock its 7th largest holding. Congress Asset Management Co. MA’s holdings in Home Depot, Inc. (The) were worth $70,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HD. Union Bankshares Corp grew its stake in shares of Home Depot, Inc. (The) by 1.8% in the first quarter. Union Bankshares Corp now owns 6,550 shares of the home improvement retailer’s stock worth $962,000 after acquiring an additional 116 shares during the period. Vontobel Asset Management Inc. bought a new stake in shares of Home Depot, Inc. (The) in the first quarter worth approximately $16,760,000. Koshinski Asset Management Inc. grew its stake in shares of Home Depot, Inc. (The) by 30.8% in the first quarter. Koshinski Asset Management Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $854,000 after acquiring an additional 1,371 shares during the period. Newman Dignan & Sheerar Inc. grew its stake in shares of Home Depot, Inc. (The) by 0.7% in the first quarter. Newman Dignan & Sheerar Inc. now owns 3,622 shares of the home improvement retailer’s stock worth $532,000 after acquiring an additional 24 shares during the period. Finally, National Pension Service grew its stake in shares of Home Depot, Inc. (The) by 3.1% in the first quarter. National Pension Service now owns 856,264 shares of the home improvement retailer’s stock worth $125,828,000 after acquiring an additional 25,903 shares during the period. Hedge funds and other institutional investors own 71.45% of the company’s stock.

Home Depot, Inc. (HD) traded up 1.88% during trading on Wednesday, hitting $155.81. 3,293,645 shares of the stock traded hands. The stock has a 50 day moving average price of $150.35 and a 200-day moving average price of $151.18. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The stock has a market cap of $183.67 billion, a P/E ratio of 22.43 and a beta of 1.07.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter last year, the company earned $1.97 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts anticipate that Home Depot, Inc. will post $7.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be paid a $0.89 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.33%. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.

HD has been the subject of a number of research analyst reports. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price target for the company. in a research note on Thursday, May 11th. Jefferies Group LLC lifted their price target on shares of Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. BTIG Research lifted their price target on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Royal Bank Of Canada set a $166.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, May 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $175.00 price target (up from $154.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $169.40.

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In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of Home Depot, Inc. (The) stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 10,717 shares of Home Depot, Inc. (The) stock in a transaction 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 sale, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

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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