The Home Depot, Inc. $HD Stake Lifted by Keybank National Association OH

Keybank National Association OH boosted its stake in The Home Depot, Inc. (NYSE:HD) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,113 shares of the home improvement retailer’s stock after buying an additional 1,483 shares during the period. Keybank National Association OH’s holdings in Home Depot were worth $164,553,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HD. Werba Rubin Papier Wealth Management grew its position in shares of Home Depot by 21.0% during the third quarter. Werba Rubin Papier Wealth Management now owns 1,416 shares of the home improvement retailer’s stock worth $574,000 after acquiring an additional 246 shares during the last quarter. Core Wealth Partners LLC lifted its position in Home Depot by 12.5% in the 3rd quarter. Core Wealth Partners LLC now owns 4,416 shares of the home improvement retailer’s stock valued at $1,789,000 after purchasing an additional 492 shares during the last quarter. MWA Asset Management boosted its stake in Home Depot by 2.7% during the 3rd quarter. MWA Asset Management now owns 8,712 shares of the home improvement retailer’s stock valued at $3,530,000 after purchasing an additional 228 shares during the period. Howard Capital Management Inc. grew its position in Home Depot by 2.0% in the 3rd quarter. Howard Capital Management Inc. now owns 7,662 shares of the home improvement retailer’s stock worth $3,105,000 after purchasing an additional 148 shares during the last quarter. Finally, Berman McAleer LLC acquired a new stake in shares of Home Depot in the third quarter valued at approximately $2,667,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

NYSE:HD opened at $374.33 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The business’s 50-day moving average price is $359.69 and its 200 day moving average price is $378.70. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The firm has a market cap of $372.65 billion, a P/E ratio of 25.52, a PEG ratio of 13.86 and a beta of 1.08.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion during 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%. Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.5%. Home Depot’s payout ratio is 62.71%.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,963 shares of company stock valued at $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HD shares. Bank of America reduced their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Robert W. Baird reduced their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Evercore ISI lowered their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report 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 research note on Thursday, November 20th. Finally, Morgan Stanley increased their target price on shares of Home Depot from $395.00 to $412.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $404.50.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.