Bontempo Ohly Capital Mgmt LLC Acquires Shares of 8,575 The Home Depot, Inc. $HD

Key Points

• Bontempo Ohly Capital Management acquired 8,575 Home Depot shares worth approximately $3.02 million, making HD about 1.3% of its portfolio. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with 18 Buy, 13 Hold, and one Sell rating and an average price target of $375.54.
• Home Depot reported quarterly EPS of $4.92 and revenue of $47.86 billion, exceeding estimates, while declaring a quarterly dividend of $2.33 per share, equivalent to a 2.8% annual yield. Several insiders also sold shares in recent transactions.

Bontempo Ohly Capital Mgmt LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,575 shares of the home improvement retailer's stock, valued at approximately $3,024,000. Home Depot makes up about 1.3% of Bontempo Ohly Capital Mgmt LLC's investment portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Advocate Investing Services LLC acquired a new position in Home Depot in the 4th quarter worth $25,000. Zeit Capital LLC bought a new position in Home Depot during the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC lifted its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Cache Advisors LLC bought a new position in Home Depot during the first quarter worth $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Home Depot in the first quarter worth $28,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Weiss Ratings raised shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 7th. Citigroup dropped their price objective on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating on the stock in a research note on Tuesday, May 12th. Oppenheimer decreased their target price on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research note on Monday, May 18th. Jefferies Financial Group reiterated a "buy" rating and set a $398.00 price target on shares of Home Depot in a research report on Tuesday, August 18th. Finally, KeyCorp reissued a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.54.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,455 shares of Home Depot stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,154 shares of company stock worth $3,132,798. 0.08% of the stock is owned by insiders.

Home Depot Trading Down 0.5%

Shares of Home Depot stock opened at $328.52 on Tuesday. The business has a fifty day simple moving average of $341.00 and a 200-day simple moving average of $338.03. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a market cap of $327.76 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the company earned $4.68 earnings per share. Home Depot's revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Home Depot Profile

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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