BankPlus Trust Department Acquires 685 Shares of The Home Depot, Inc. $HD

Key Points

• BankPlus Trust Department has increased its stake in The Home Depot, Inc. by 8.1%, acquiring an additional 685 shares, leading to a total of 9,150 shares valued at approximately $3.36 million.
• The company declared a quarterly dividend of $2.30 per share, yielding 2.4% annually, demonstrating its commitment to returning value to shareholders.
• Analysts have a consensus rating of "Moderate Buy" for Home Depot, with a price target averaging $436.40, reflecting positive sentiment despite a recent earnings miss.

BankPlus Trust Department increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,150 shares of the home improvement retailer's stock after acquiring an additional 685 shares during the period. Home Depot comprises 1.0% of BankPlus Trust Department's portfolio, making the stock its 16th biggest position. BankPlus Trust Department's holdings in Home Depot were worth $3,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Tower View Wealth Management LLC increased its holdings in Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock worth $5,938,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd purchased a new position in Home Depot during the 1st quarter worth $3,851,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Home Depot in the 1st quarter valued at $406,000. Arbor Capital Management Inc. ADV raised its position in shares of Home Depot by 4.8% in the 1st 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 raised its position in shares of Home Depot by 4.1% in the 1st 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 owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target for the company. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Weiss Ratings reissued a "buy (b)" rating on shares of Home Depot in a research report on Saturday, September 27th. JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $436.40.

Home Depot Stock Down 0.6%

Shares of HD stock opened at $386.84 on Wednesday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock's fifty day moving average price is $403.07 and its 200 day moving average price is $376.85. 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 company has a market cap of $385.06 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.69 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its 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). The business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

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.

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