The Home Depot, Inc. $HD Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,934 shares of the home improvement retailer’s stock after purchasing an additional 500 shares during the period. Home Depot makes up about 0.6% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 22nd largest holding. Oregon Public Employees Retirement Fund’s holdings in Home Depot were worth $31,507,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HD. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot in the second quarter valued at approximately $28,000. Abound Financial LLC acquired a new position in shares of Home Depot in the first quarter worth $31,000. Iron Horse Wealth Management LLC increased its position in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot during the second quarter worth $40,000. Finally, GFG Capital LLC acquired a new stake in shares of Home Depot in the second quarter valued at $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last 90 days. 0.10% of the stock is owned by insiders.

Home Depot Trading Up 1.0%

NYSE HD opened at $379.36 on Tuesday. The firm’s fifty day moving average price is $403.51 and its 200 day moving average price is $377.45. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market capitalization of $377.61 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00.

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

Home Depot Dividend Announcement

The company also recently declared 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, DA Davidson restated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. One equities research 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 data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Company 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.