eCIO Inc. Acquires New Shares in The Home Depot, Inc. $HD

Key Points

• eCIO Inc. has made a new investment of $236,000 in The Home Depot, purchasing 644 shares during the first quarter.
• Recent analyst ratings for Home Depot include an upward adjustment of the price target by Wells Fargo to $450 and a reaffirmed "buy" rating from DA Davidson with a target of $450.
• The firm announced a quarterly dividend of $2.30 per share, set to be paid on September 18th, reflecting an annual yield of 2.2%.

eCIO Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 644 shares of the home improvement retailer's stock, valued at approximately $236,000.

Several other large investors also recently modified their holdings of the company. Ransom Advisory Ltd bought a new position in shares of Home Depot during the 1st quarter valued at approximately $3,851,000. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot during the 1st quarter worth $406,000. Wealth Management Partners LLC boosted its position in Home Depot by 0.6% during the first 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 Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Home Depot by 4.1% during the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock worth $155,131,000 after purchasing an additional 16,654 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction that occurred 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 owned 122,425 shares of the company's stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Finally, Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Stock Performance

HD stock traded down $0.09 during trading on Friday, reaching $423.33. 5,003,481 shares of the stock were exchanged, compared to its average volume of 3,826,500. The company has a market capitalization of $421.38 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 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 stock has a 50 day simple moving average of $390.03 and a 200-day simple moving average of $372.22.

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 the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is 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.