Cullen Investment Group LTD. Acquires 797 Shares of The Home Depot, Inc. $HD

Key Points

• Cullen Investment Group LTD. increased its holdings in The Home Depot, Inc. by 4.7% during the second quarter, now owning 17,912 shares worth approximately $6.57 million.
• The stock received favorable ratings from several research firms, with target prices ranging from $400.00 to $455.00, leading to an average target price of $432.52.
• Home Depot declared a quarterly dividend of $2.30 per share, which will be paid on September 18th, representing an annualized dividend yield of 2.2%.

Cullen Investment Group LTD. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,912 shares of the home improvement retailer's stock after acquiring an additional 797 shares during the quarter. Cullen Investment Group LTD.'s holdings in Home Depot were worth $6,567,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. AG2R LA Mondiale Gestion D Actifs bought a new stake in Home Depot during the first quarter worth $13,495,000. Swedbank AB lifted its holdings in Home Depot by 10.9% during the first quarter. Swedbank AB now owns 1,081,877 shares of the home improvement retailer's stock worth $396,497,000 after acquiring an additional 106,722 shares during the period. Howe & Rusling Inc. lifted its holdings in Home Depot by 25.5% during the first quarter. Howe & Rusling Inc. now owns 3,066 shares of the home improvement retailer's stock worth $1,123,000 after acquiring an additional 622 shares during the period. Maple Capital Management Inc. lifted its holdings in Home Depot by 2.9% during the first quarter. Maple Capital Management Inc. now owns 82,848 shares of the home improvement retailer's stock worth $30,363,000 after acquiring an additional 2,353 shares during the period. Finally, Peterson Wealth Management increased its position in Home Depot by 15.7% in the first quarter. Peterson Wealth Management now owns 10,266 shares of the home improvement retailer's stock worth $3,762,000 after buying an additional 1,395 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HD. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Morgan Stanley raised their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Robert W. Baird raised their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $432.52.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on 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 completion of the sale, the executive vice president owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction on 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 directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock valued at $18,648,987 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD opened at $423.33 on Friday. The stock has a market cap of $421.38 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock has a fifty day moving average of $390.03 and a 200-day moving average of $372.47.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's payout ratio is 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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