Home Depot, Inc. (The) (NYSE:HD) Shares Sold by Hermes Investment Management Ltd.

Hermes Investment Management Ltd. decreased its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 institutional investors and hedge funds have also made changes to their positions in HD. State Street Corp increased its holdings in shares of Home Depot, Inc. (The) by 0.7% during the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after buying an additional 396,271 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Home Depot, Inc. (The) by 1.3% during the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after buying an additional 108,242 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Home Depot, Inc. (The) by 1.8% during the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock worth $1,158,533,000 after buying an additional 140,221 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Home Depot, Inc. (The) by 43.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of 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 purchasing an additional 556,596 shares in the last quarter. Hedge funds and other institutional investors own 71.45% of the company’s stock.

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 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. 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 three months. 0.26% of the stock is currently owned by insiders.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday. Bank of America Corporation reissued a “buy” rating and issued a $170.00 price target on shares of Home Depot, Inc. (The) in a report on Tuesday. Vetr raised shares of Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 price target for the company in a report on Monday, August 28th. BidaskClub lowered shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, UBS AG reissued a “buy” rating and issued a $175.00 price target on shares of Home Depot, Inc. (The) in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $169.40.

Shares of Home Depot, Inc. (NYSE HD) traded up 1.10% during midday trading on Friday, reaching $159.66. 10,088,630 shares of the company’s stock traded hands. The firm has a market cap of $188.21 billion, a PE ratio of 22.98 and a beta of 1.07. The company has a 50 day moving average of $150.97 and a 200 day moving average of $151.33. 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 issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter in the prior year, the business earned $1.97 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts predict that Home Depot, Inc. will post $7.32 EPS for the current fiscal year.

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

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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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