Ethic Inc. Acquires 3,154 Shares of The Home Depot, Inc. $HD

Key Points

• Ethic Inc. increased its stake in The Home Depot, Inc. by 3.1% during Q2, acquiring an additional 3,154 shares, bringing its total to 103,443 shares valued at approximately $38.1 million.
• Several analysts have set new price targets for Home Depot, with estimates ranging from $432.00 to $455.00, reflecting a consensus rating of "Moderate Buy".
• Home Depot recently announced a quarterly dividend of $2.30 per share, yielding 2.4%, and has set its FY 2025 EPS guidance at $14.94.

Ethic Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,443 shares of the home improvement retailer's stock after buying an additional 3,154 shares during the period. Home Depot makes up about 0.7% of Ethic Inc.'s investment portfolio, making the stock its 15th largest position. Ethic Inc.'s holdings in Home Depot were worth $38,144,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HD. Brighton Jones LLC boosted its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. GAMMA Investing LLC lifted its stake in shares of Home Depot by 7.2% in the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer's stock valued at $10,237,000 after buying an additional 1,880 shares during the period. Asset Management One Co. Ltd. grew its position in Home Depot by 6.1% during the first quarter. Asset Management One Co. Ltd. now owns 517,905 shares of the home improvement retailer's stock worth $189,807,000 after buying an additional 29,962 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Home Depot by 4.5% during the first quarter. GHP Investment Advisors Inc. now owns 15,098 shares of the home improvement retailer's stock valued at $5,533,000 after acquiring an additional 652 shares during the period. Finally, Capitol Family Office Inc. acquired a new position in Home Depot in the 1st quarter valued at approximately $71,000. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on HD shares. Stifel Nicolaus lifted their price objective on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Robert W. Baird boosted 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. Finally, Wells Fargo & Company lifted their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.42.

Home Depot Stock Up 0.4%

NYSE:HD opened at $390.40 on Wednesday. The stock has a 50-day simple moving average of $403.62 and a 200 day simple moving average of $378.45. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a market cap of $388.60 billion, a PE ratio of 26.55, a PEG ratio of 3.69 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the company earned $4.60 EPS. The company's revenue 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. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot's payout ratio is currently 62.50%.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were 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 represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last quarter. 0.10% of the stock is owned by company insiders.

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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