CX Institutional Purchases 1,923 Shares of The Home Depot, Inc. $HD

Key Points

• CX Institutional increased its holdings in The Home Depot by 8.8%, acquiring an additional 1,923 shares, bringing their total ownership to 23,869 shares valued at approximately $8.75 million.
• The company reported earnings of $4.68 per share for the latest quarter, just missing analysts' expectations, and generated revenues of $45.28 billion, though slightly below forecasts of $45.43 billion.
• Home Depot recently announced a quarterly dividend of $2.30 per share, with the annualized dividend yield standing at 2.3% and a payout ratio of 62.50%.

CX Institutional boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 23,869 shares of the home improvement retailer's stock after purchasing an additional 1,923 shares during the period. CX Institutional's holdings in Home Depot were worth $8,751,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Asset Planning Services Inc. LA ADV grew its position in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the period. GAMMA Investing LLC grew its position in shares of Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Nuveen LLC bought a new position in shares of Home Depot during the 1st quarter valued at approximately $2,076,592,000. Price T Rowe Associates Inc. MD grew its position in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $418,486,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

NYSE HD opened at $407.43 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 stock has a market capitalization of $405.55 billion, a PE ratio of 27.68, a P/E/G ratio of 3.88 and a beta of 1.00. The company's 50 day simple moving average is $398.84 and its two-hundred day simple moving average is $374.32.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the prior year, the company earned $4.60 earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot's dividend payout ratio is currently 62.50%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HD shares. Robert W. Baird increased their target price 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. DA Davidson reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Wells Fargo & Company raised their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. One equities research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $436.40.

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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