Cwm LLC Has $76.97 Million Position in The Home Depot, Inc. $HD

Key Points

• Cwm LLC increased its stake in Home Depot by 2.0%, owning 209,935 shares worth approximately $76.97 million as of its latest SEC filing.
• Home Depot reported a quarterly EPS of $4.68, missing estimates slightly, while revenue decreased compared to expectations; the company has set a FY 2025 EPS guidance of 14.940.
• The company recently announced a quarterly dividend of $2.30 per share, with an annualized yield of 2.4% and a payout ratio of 62.50%.

Cwm LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,935 shares of the home improvement retailer's stock after buying an additional 4,168 shares during the quarter. Cwm LLC's holdings in Home Depot were worth $76,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot in the 2nd quarter valued at about $28,000. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC lifted its stake in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot in the 2nd quarter valued at about $40,000. Finally, GFG Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at about $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock opened at $375.86 on Monday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The firm has a market capitalization of $374.13 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.57 and a beta of 1.00. The business has a 50-day simple moving average of $403.54 and a 200 day simple moving average of $377.30. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the firm earned $4.60 earnings per share. The business's quarterly 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. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. DA Davidson reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Wells Fargo & Company boosted their price objective on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Home Depot in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. One equities 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 a consensus rating of "Moderate Buy" and a consensus target price of $435.42.

Insider Activity

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 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 directly owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was 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 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. Company insiders own 0.10% of the company's stock.

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.

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