Grassi Investment Management reduced its stake in Home Depot, Inc. (The) (NYSE:HD) by 34.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,351 shares of the home improvement retailer’s stock after selling 19,892 shares during the period. Grassi Investment Management’s holdings in Home Depot, Inc. (The) were worth $5,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased 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 increased 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 increased 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. increased 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 increased 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. 71.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Home Depot, Inc. (NYSE HD) traded up 1.35% during trading on Monday, hitting $149.48. The stock had a trading volume of 1,698,621 shares. The firm’s 50-day moving average is $151.15 and its 200 day moving average is $150.06. The firm has a market cap of $176.83 billion, a price-to-earnings ratio of 21.51 and a beta of 1.08. 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same period in the previous year, the firm posted $1.97 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Home Depot, Inc. will post $7.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.41%. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.

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HD has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $176.00 price objective on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, April 25th. Vetr downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective on the stock. in a research note on Monday, June 19th. Finally, Atlantic Securities downgraded Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price on the stock. in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $169.86.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the transaction, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

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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