Hermes Investment Management Ltd. reduced its stake in Home Depot, Inc. (The) (NYSE:HD) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,157 shares of the home improvement retailer’s stock after selling 819 shares during the period. Hermes Investment Management Ltd.’s holdings in Home Depot, Inc. (The) were worth $3,706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after buying an additional 396,271 shares during the period. Fisher Asset Management LLC raised its position in Home Depot, Inc. (The) by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock valued at $1,270,050,000 after buying an additional 108,242 shares during the period. Clearbridge Investments LLC raised its position in Home Depot, Inc. (The) by 1.8% in the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after buying an additional 140,221 shares during the period. Schwab Charles Investment Management Inc. raised its position in Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after buying an additional 1,734,963 shares during the period. Finally, Jennison Associates LLC raised its position in Home Depot, Inc. (The) by 11.7% in the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after buying an additional 556,596 shares during the period. 71.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Home Depot, Inc. (HD) traded up 0.61% during trading on Friday, reaching $150.78. 3,383,036 shares of the company’s stock were exchanged. The stock has a market cap of $177.74 billion, a PE ratio of 21.70 and a beta of 1.06. The stock’s 50 day moving average price is $150.45 and its 200-day moving average price is $150.90. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 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 for the quarter, compared to analyst estimates of $27.84 billion. During the same period in the prior year, the firm posted $1.97 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts forecast that Home Depot, Inc. will post $7.32 EPS for the current year.

The company 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 $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.

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HD has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $176.00 price objective on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Vetr lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective for the company. in a report on Monday, June 19th. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price objective for the company. in a report on Thursday, May 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Two 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 assigned a strong buy rating to the stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $169.82.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. The disclosure for this sale can be found here. Corporate 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.

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

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