Financiere des Professionnels Fonds d investissement inc. Buys Shares of 860 The Home Depot, Inc. $HD

Key Points

• Financiere des Professionnels Fonds d'investissement inc. purchased 860 shares of The Home Depot, Inc. valued at approximately $315,000 during the second quarter.
• Home Depot recently reported earnings of $4.68 per share, which fell slightly short of analysts' expectations of $4.69, while the company's revenue climbed by 4.9% year-over-year.
• The company has announced a $2.30 quarterly dividend, reflecting an annualized yield of 2.2%, with insiders recently selling a significant amount of stock valued at over $19 million.

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 860 shares of the home improvement retailer's stock, valued at approximately $315,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ransom Advisory Ltd bought a new position in Home Depot during the first quarter worth about $3,851,000. Financial Gravity Asset Management Inc. bought a new position in Home Depot during the first quarter worth about $406,000. Wealth Management Partners LLC lifted its holdings in Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its holdings in Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in Home Depot by 4.1% during the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock worth $155,131,000 after acquiring an additional 16,654 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. TD Securities lowered Home Depot to a "buy" rating in a report on Monday, June 2nd. Mizuho boosted 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. DA Davidson restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Truist Financial boosted their price target on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. cut their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $435.00.

Insider Buying and Selling at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

NYSE HD traded down $2.61 on Monday, reaching $413.08. The stock had a trading volume of 1,296,795 shares, compared to its average volume of 3,592,868. 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 firm has a fifty day moving average of $394.94 and a two-hundred day moving average of $373.33. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a market cap of $411.18 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio is presently 62.50%.

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.