Impax Asset Management Group plc Has $3.87 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Impax Asset Management Group plc boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 81.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,558 shares of the home improvement retailer’s stock after purchasing an additional 4,300 shares during the period. Impax Asset Management Group plc’s holdings in Home Depot were worth $3,873,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter worth about $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the second quarter worth about $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot in the second quarter worth about $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $415.26.

Home Depot Trading Up 1.2 %

HD stock opened at $400.21 on Wednesday. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. The firm has a market cap of $397.53 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.72 and a beta of 1.01. The business’s 50 day moving average is $393.49 and its 200-day moving average is $362.92. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

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.