The Home Depot, Inc. (NYSE:HD) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 81.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,558 shares of the home improvement retailer's stock after buying an additional 4,300 shares during the period. Impax Asset Management Group plc's holdings in Home Depot were worth $3,873,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in Home Depot during the 2nd quarter valued at about $33,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 3rd quarter valued at about $46,000. Denver PWM LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer's stock valued at $48,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 2.9 %

Shares of HD stock traded down $11.72 on Wednesday, hitting $388.37. 7,035,844 shares of the stock traded hands, compared to its average volume of 3,364,879. The firm's 50-day moving average price is $393.49 and its two-hundred day moving average price is $362.92. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market capitalization of $385.77 billion, a PE ratio of 25.92, a PEG ratio of 2.72 and a beta of 1.01. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts' expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. Home Depot's payout ratio is currently 60.57%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. Oppenheimer lifted their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 24th. Evercore ISI reduced their price target on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research report on Wednesday, August 14th. UBS Group raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Finally, Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $416.37.

About Home Depot

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.