Clean Yield Group Buys 8,354 Shares of The Home Depot, Inc. $HD

Key Points

• Clean Yield Group increased its stake in The Home Depot, Inc. by 197.1% during Q2, acquiring an additional 8,354 shares to own a total of 12,593 shares worth approximately $4.6 million.
• Several hedge funds have recently adjusted their holdings in Home Depot, with institutional investors now owning 70.86% of the company's stock.
• Analysts have given Home Depot a consensus rating of "Moderate Buy" with a target price of $436.40, following a reported EPS of $4.68 which slightly missed estimates.

Clean Yield Group boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 197.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,593 shares of the home improvement retailer's stock after acquiring an additional 8,354 shares during the period. Home Depot accounts for about 1.4% of Clean Yield Group's portfolio, making the stock its 26th biggest position. Clean Yield Group's holdings in Home Depot were worth $4,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in HD. Ransom Advisory Ltd acquired a new stake in shares of Home Depot in the 1st quarter valued at $3,851,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Home Depot in the 1st quarter valued at $406,000. Wealth Management Partners LLC boosted its holdings in shares of Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its holdings 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 valued at $1,757,000 after purchasing an additional 221 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings 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 valued at $155,131,000 after purchasing an additional 16,654 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price on the stock. Morgan Stanley raised their target price on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a report on Thursday. Finally, DA Davidson reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $436.40.

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Up 0.7%

NYSE HD opened at $410.16 on Monday. 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 twelve month low of $326.31 and a twelve month high of $439.37. The company has a market cap of $408.27 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 3.89 and a beta of 1.00. The business's fifty day moving average is $399.85 and its 200 day moving average is $374.87.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's payout ratio is presently 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.

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