The Home Depot, Inc. $HD Stock Holdings Raised by Belmont Capital LLC

Key Points

• Belmont Capital LLC increased its holdings in The Home Depot by 4.0%, purchasing an additional 1,500 shares, making it the 8th largest holding in their portfolio valued at approximately $14.4 million.
• Home Depot recently reported a quarterly earnings per share of $4.68, slightly missing consensus estimates, with revenues up by 4.9% year-over-year at $45.28 billion.
• The company declared a quarterly dividend of $2.30 per share, which will be paid on September 18th, reflecting an annual yield of 2.3%.

Belmont Capital LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 39,394 shares of the home improvement retailer's stock after acquiring an additional 1,500 shares during the quarter. Home Depot comprises about 2.6% of Belmont Capital LLC's portfolio, making the stock its 8th biggest holding. Belmont Capital LLC's holdings in Home Depot were worth $14,438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of HD. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC boosted its holdings 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 worth $36,000 after buying an additional 46 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its holdings 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 worth $42,000 after buying an additional 30 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $45,000. Finally, Vega Investment Solutions bought a new position in shares of Home Depot during the 4th quarter worth approximately $46,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

HD traded up $7.01 during trading on Friday, reaching $418.70. 5,854,063 shares of the company were exchanged, compared to its average volume of 3,533,561. The company's 50-day moving average is $385.21 and its two-hundred day moving average is $371.29. The company has a market cap of $416.77 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 3.97 and a beta of 1.00. 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 Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released 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 net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the previous year, the business earned $4.60 EPS. The business's revenue was up 4.9% on a year-over-year basis. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Securities cut Home Depot to a "buy" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. decreased their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Jefferies Financial Group decreased their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Truist Financial boosted their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada decreased their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. One research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by insiders.

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.