WINTON GROUP Ltd Makes New $2.84 Million Investment in The Home Depot, Inc. $HD

WINTON GROUP Ltd purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,752 shares of the home improvement retailer’s stock, valued at approximately $2,842,000.

Several other large investors also recently bought and sold shares of the stock. Legend Financial Advisors Inc. purchased a new stake in Home Depot in the 2nd quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot in the 2nd quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth about $35,000. Global X Japan Co. Ltd. purchased a new stake in Home Depot in the 2nd quarter worth approximately $40,000. Finally, GFG Capital LLC purchased a new stake in shares of Home Depot in the second quarter valued at $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $349.54 on Tuesday. The stock has a market capitalization of $347.97 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 6.25 and a beta of 1.06. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $436.36. The company’s 50-day simple moving average is $371.92 and its 200-day simple moving average is $379.73. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s payout ratio is presently 62.71%.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Bank of America reduced their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target on the stock. in a research note on Wednesday, November 19th. Argus cut their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Zacks Research downgraded Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Finally, DZ Bank reiterated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.50.

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.