New England Research & Management Inc. lessened its position in Home Depot, Inc. (The) (NYSE:HD) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,766 shares of the home improvement retailer’s stock after selling 75 shares during the period. New England Research & Management Inc.’s holdings in Home Depot, Inc. (The) were worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. American Beacon Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the 1st quarter valued at about $100,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Home Depot, Inc. (The) by 114.1% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after purchasing an additional 397 shares in the last quarter. University of Texas Investment Managment Co. bought a new stake in shares of Home Depot, Inc. (The) during the 1st quarter valued at about $132,000. Motco boosted its stake in shares of Home Depot, Inc. (The) by 79.3% during the 1st quarter. Motco now owns 1,244 shares of the home improvement retailer’s stock valued at $183,000 after purchasing an additional 550 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Home Depot, Inc. (The) by 32.2% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the home improvement retailer’s stock valued at $196,000 after purchasing an additional 326 shares in the last quarter. 71.39% of the stock is currently owned by institutional investors and hedge funds.

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In related news, 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The disclosure for this sale can be found here. Insiders sold a total of 57,717 shares of company stock valued at $8,916,321 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Shares of Home Depot, Inc. (NYSE:HD) traded up 0.49% during mid-day trading on Friday, hitting $159.97. 3,576,479 shares of the stock were exchanged. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $161.38. The firm has a market cap of $188.58 billion, a price-to-earnings ratio of 23.02 and a beta of 1.07. The stock has a 50-day moving average price of $153.29 and a 200 day moving average price of $152.05.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.

A number of brokerages have recently weighed in on HD. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $177.00 target price on the stock in a research note on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $179.00 target price on shares of Home Depot, Inc. (The) in a research note on Monday, September 18th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th. Robert W. Baird set a $175.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Sunday, September 10th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $170.00 target price on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Home Depot, Inc. (The) has an average rating of “Buy” and an average price target of $169.90.

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.

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

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