Kingstone Capital Partners Texas LLC Takes Position in The Home Depot, Inc. $HD

Key Points

• Kingstone Capital Partners Texas LLC acquired 1,196,365 shares of The Home Depot, Inc., valued at approximately $418.5 million, representing 0.12% of the company's stock.
• Home Depot reported earnings of $4.68 per share for its latest quarter, which was slightly below analysts' expectations, while quarterly revenue increased by 4.9% year-over-year to $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, reflecting a 2.2% annual dividend yield and a payout ratio of 62.50%.

Kingstone Capital Partners Texas LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,196,365 shares of the home improvement retailer's stock, valued at approximately $418,486,000. Kingstone Capital Partners Texas LLC owned approximately 0.12% of Home Depot as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Home Depot by 0.8% during the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after purchasing an additional 720,447 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its position in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after purchasing an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after purchasing an additional 891,326 shares in the last quarter. GAMMA Investing LLC lifted its position in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.4%

Shares of HD traded down $1.71 during mid-day trading on Friday, reaching $415.77. 6,709,599 shares of the company's stock traded hands, compared to its average volume of 3,720,799. The stock has a market cap of $413.85 billion, a P/E ratio of 28.25, a P/E/G ratio of 3.94 and a beta of 1.00. The stock's 50-day moving average is $394.94 and its two-hundred day moving average is $373.39. 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.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. 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 2.2%. Home Depot's dividend payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HD. Wolfe Research began coverage on Home Depot in a research report on Thursday. They set an "outperform" rating and a $497.00 target price on the stock. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Mizuho raised their price target 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 target on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.00.

Insider Activity

In other news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William D. Bastek sold 3,783 shares of the company'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 directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

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.