The Home Depot, Inc. $HD Shares Acquired by BTC Capital Management Inc.

Key Points

• BTC Capital Management Inc. increased its stake in The Home Depot by 17.0%, owning a total of 12,534 shares worth approximately $4.54 million after acquiring 1,817 additional shares.
• Insider sales included Teresa Wynn Roseborough selling 5,483 shares and CEO Edward P. Decker selling 32,897 shares, reducing their ownership by 25.45% and 21.18%, respectively.
• Analysts have set varying price targets for Home Depot, with a consensus average target price of $435.00 and a range of ratings including several "buy" and "outperform" recommendations.

BTC Capital Management Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,534 shares of the home improvement retailer's stock after purchasing an additional 1,817 shares during the period. BTC Capital Management Inc.'s holdings in Home Depot were worth $4,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Vanguard Group Inc. lifted its stake in shares of Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock worth $35,360,494,000 after buying an additional 720,447 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its stake in shares of Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after buying an additional 891,326 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on HD. Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Wolfe Research began coverage on shares of Home Depot in a research report on Thursday. They set an "outperform" rating and a $497.00 price target for the company. Robert W. Baird lifted 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. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.00.

Home Depot Stock Down 0.7%

Shares of HD stock traded down $2.83 during trading on Monday, reaching $412.86. The company's stock had a trading volume of 2,655,518 shares, compared to its average volume of 3,599,840. 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 capitalization of $410.96 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 3.94 and a beta of 1.00. The stock's 50-day moving average price is $394.94 and its 200 day moving average price is $373.33. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's payout ratio is 62.50%.

Home Depot 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.