Trivium Point Advisory LLC Has $6.67 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Key Points

• Trivium Point Advisory LLC reduced its stake in Home Depot by 4.5%, now holding 18,207 shares valued at approximately $6.67 million, making it the firm's 29th largest position.
• Home Depot reported $3.56 EPS for the last quarter, missing analyst expectations, but revenue increased by 9.4% compared to the previous year.
• The company announced a quarterly dividend of $2.30 per share, yielding 2.3%, with a payout ratio of 62.42%.

Trivium Point Advisory LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,207 shares of the home improvement retailer's stock after selling 864 shares during the quarter. Home Depot comprises 0.8% of Trivium Point Advisory LLC's portfolio, making the stock its 29th largest position. Trivium Point Advisory LLC's holdings in Home Depot were worth $6,673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC grew its stake in Home Depot by 23.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 93,174 shares of the home improvement retailer's stock worth $34,148,000 after buying an additional 17,956 shares during the period. Cookson Peirce & Co. Inc. grew its stake in Home Depot by 29.3% during the first quarter. Cookson Peirce & Co. Inc. now owns 719 shares of the home improvement retailer's stock worth $264,000 after buying an additional 163 shares during the period. OneAscent Investment Solutions LLC purchased a new stake in Home Depot during the first quarter worth approximately $200,000. Vestmark Advisory Solutions Inc. grew its stake in Home Depot by 98.8% during the first quarter. Vestmark Advisory Solutions Inc. now owns 26,647 shares of the home improvement retailer's stock worth $9,766,000 after buying an additional 13,240 shares during the period. Finally, Sit Investment Associates Inc. grew its stake in Home Depot by 9.8% during the first quarter. Sit Investment Associates Inc. now owns 63,148 shares of the home improvement retailer's stock worth $23,143,000 after buying an additional 5,647 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the stock an "overweight" rating in a research note on Monday, June 30th. Gordon Haskett increased their target price on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Mizuho dropped their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Jefferies Financial Group dropped their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $427.48.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.3%

Shares of NYSE HD traded down $1.03 during mid-day trading on Friday, reaching $399.29. The company had a trading volume of 3,840,292 shares, compared to its average volume of 3,118,386. The stock has a fifty day moving average of $370.47 and a two-hundred day moving average of $371.61. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market capitalization of $397.27 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.80 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.