The Home Depot, Inc. $HD Shares Bought by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its holdings in The Home Depot, acquiring an additional 78,256 shares, bringing its total ownership to approximately 2.6 million shares, valued at around $953 million.
• Home Depot's recent quarterly earnings report showed an EPS of $4.68, missing analysts' expectations slightly, and the company has set future guidance anticipating an EPS of $14.94 for FY 2025.
• The firm announced a quarterly dividend of $2.30 per share, reflecting a 2.3% yield, with the ex-dividend date set for September 4th.

Baird Financial Group Inc. raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,600,482 shares of the home improvement retailer's stock after buying an additional 78,256 shares during the period. Home Depot makes up about 1.8% of Baird Financial Group Inc.'s investment portfolio, making the stock its 7th largest holding. Baird Financial Group Inc. owned approximately 0.26% of Home Depot worth $953,051,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares during the period. Quarry LP lifted its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Home Depot in the fourth quarter worth $2,474,000. Finally, Pennington Partners & CO. LLC purchased a new position in shares of Home Depot during the fourth quarter valued at $369,000. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William D. Bastek sold 3,783 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,532 shares of company stock worth $18,648,987. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Stifel Nicolaus boosted their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Robert W. Baird increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Stock Performance

Shares of NYSE:HD traded down $0.36 during midday trading on Tuesday, hitting $406.41. The company's stock had a trading volume of 3,328,301 shares, compared to its average volume of 3,544,990. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock's 50 day simple moving average is $381.41 and its 200 day simple moving average is $370.83. The stock has a market capitalization of $404.53 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 3.86 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 released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business 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 last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot's payout ratio is 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.