Aberdeen Group plc Boosts Holdings in The Home Depot, Inc. $HD

Aberdeen Group plc lifted its stake in The Home Depot, Inc. (NYSE:HD) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 819,219 shares of the home improvement retailer’s stock after purchasing an additional 65,985 shares during the quarter. Home Depot accounts for approximately 0.5% of Aberdeen Group plc’s holdings, making the stock its 27th biggest position. Aberdeen Group plc owned approximately 0.08% of Home Depot worth $299,494,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Croban purchased a new position in shares of Home Depot in the 2nd quarter worth about $416,000. Davis Rea LTD. raised its position in shares of Home Depot by 1.7% in the 2nd quarter. Davis Rea LTD. now owns 10,948 shares of the home improvement retailer’s stock worth $4,014,000 after purchasing an additional 179 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of Home Depot by 0.7% in the 2nd quarter. JFS Wealth Advisors LLC now owns 6,140 shares of the home improvement retailer’s stock worth $2,251,000 after purchasing an additional 40 shares during the last quarter. First Fiduciary Investment Counsel Inc. raised its position in shares of Home Depot by 11.0% in the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 3,537 shares of the home improvement retailer’s stock worth $1,297,000 after purchasing an additional 350 shares during the last quarter. Finally, PDS Planning Inc raised its position in shares of Home Depot by 8.9% in the 2nd quarter. PDS Planning Inc now owns 7,633 shares of the home improvement retailer’s stock worth $2,799,000 after purchasing an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.5%

Shares of NYSE:HD opened at $375.86 on Friday. The stock has a 50 day moving average of $403.54 and a 200 day moving average of $377.09. The company has a market cap of $374.13 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.58 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s payout ratio is 62.50%.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last quarter. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Stifel Nicolaus lifted their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Wells Fargo & Company lifted their price objective on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, Mizuho lifted their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Profile

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.