The Home Depot, Inc. $HD Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.5% during the second quarter, Holdings Channel.com reports. The firm owned 26,242 shares of the home improvement retailer’s stock after acquiring an additional 1,370 shares during the period. Mutual Advisors LLC’s holdings in Home Depot were worth $9,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the 2nd quarter valued at approximately $28,000. Abound Financial LLC purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC lifted its position in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares in the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot during the 2nd quarter valued at approximately $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at approximately $40,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.2%

Shares of HD opened at $388.49 on Thursday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a market capitalization of $386.70 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00. The stock has a fifty day simple moving average of $403.59 and a two-hundred day simple moving average of $377.59. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued its earnings results 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the business earned $4.60 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HD. Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. DA Davidson restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Mizuho raised their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $435.42.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

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.