The Home Depot, Inc. $HD Shares Purchased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. increased its stake in The Home Depot, now holding approximately 1,039,994 shares worth $352.85 million, making it the 15th largest position in their portfolio.
• Home Depot recently reported $4.68 earnings per share for the last quarter, missing estimates by 1 cent, while quarterly revenue was up 4.9% year-over-year.
• The company announced a quarterly dividend of $2.30 per share, resulting in a 2.2% yield and a payout ratio of 62.50% for shareholders of record by September 4th.

APG Asset Management N.V. increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,039,994 shares of the home improvement retailer's stock after acquiring an additional 7,912 shares during the quarter. Home Depot makes up about 1.1% of APG Asset Management N.V.'s portfolio, making the stock its 15th biggest holding. APG Asset Management N.V. owned 0.10% of Home Depot worth $352,849,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Navigoe LLC acquired a new position in shares of Home Depot during the 4th quarter valued at about $29,000. Abound Financial LLC acquired a new position in shares of Home Depot during the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC boosted 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 acquiring an additional 46 shares during the last quarter. Quarry LP boosted its position in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

HD has been the topic of several recent research reports. TD Securities cut shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Robert W. Baird boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Guggenheim reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Truist Financial boosted their price objective on shares of 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 shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. Company insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.2%

HD traded up $0.65 on Wednesday, reaching $408.19. The company's stock had a trading volume of 2,486,549 shares, compared to its average volume of 3,551,285. The stock has a 50 day moving average of $376.81 and a two-hundred day moving average of $371.24. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $406.12 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 3.88 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the business earned $4.60 earnings per share. Home Depot's revenue for the quarter 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, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

About Home Depot

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.