Impax Asset Management LLC cut its position in Home Depot Inc (NYSE:HD) by 11.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 123,476 shares of the home improvement retailer’s stock after selling 16,491 shares during the quarter. Home Depot accounts for about 1.4% of Impax Asset Management LLC’s holdings, making the stock its 10th largest holding. Impax Asset Management LLC’s holdings in Home Depot were worth $24,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Home Depot by 0.4% during the 2nd quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock valued at $5,657,493,000 after purchasing an additional 109,499 shares during the last quarter. Morgan Stanley grew its holdings in shares of Home Depot by 11.4% during the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after purchasing an additional 991,466 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Home Depot by 2.6% during the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock valued at $844,119,000 after purchasing an additional 108,535 shares during the last quarter. Swiss National Bank grew its holdings in shares of Home Depot by 2.9% during the 2nd quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after purchasing an additional 115,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Home Depot by 3.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock valued at $758,772,000 after purchasing an additional 114,785 shares during the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.

In other news, CEO Craig A. Menear sold 117,327 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the sale, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

NYSE:HD opened at $177.02 on Monday. Home Depot Inc has a 12 month low of $166.06 and a 12 month high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The stock has a market capitalization of $202.54 billion, a PE ratio of 18.97, a P/E/G ratio of 1.36 and a beta of 1.26.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. During the same period last year, the company posted $1.84 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that Home Depot Inc will post 9.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be given a $1.03 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 annualized dividend and a dividend yield of 2.33%. Home Depot’s dividend payout ratio is 55.23%.

HD has been the topic of several recent research reports. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, October 16th. Credit Suisse Group reduced their target price on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a report on Thursday. Deutsche Bank reduced their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Citigroup increased their target price on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Home Depot currently has an average rating of “Buy” and a consensus target price of $204.16.

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About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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