Farther Finance Advisors LLC Has $12.14 Million Stake in The Home Depot, Inc. $HD

Key Points

• Farther Finance Advisors LLC increased its holdings in Home Depot by 27.3% during the 2nd quarter, now owning 33,116 shares valued at approximately $12.14 million.
• Home Depot reported $4.68 earnings per share (EPS) for the last quarter, slightly missing expectations, with revenues of $45.28 billion, an increase of 4.9% compared to last year.
• The company's recent dividend payout was $2.30 per share, representing an annualized dividend of $9.20 and a yield of 2.2%.

Farther Finance Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,116 shares of the home improvement retailer's stock after purchasing an additional 7,106 shares during the quarter. Farther Finance Advisors LLC's holdings in Home Depot were worth $12,142,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position 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 acquiring an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after buying an additional 565 shares during the period. State of Wyoming grew its position in shares of Home Depot by 29.1% during the 4th quarter. State of Wyoming now owns 666 shares of the home improvement retailer's stock worth $259,000 after buying an additional 150 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $392,000. Finally, Retirement Planning Group LLC NY acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $1,227,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HD shares. Wolfe Research started coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an "outperform" rating and a $497.00 price target for the company. Morgan Stanley lifted their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. decreased 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. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Robert W. Baird boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $435.60.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Down 0.2%

HD traded down $0.99 during trading on Tuesday, reaching $411.02. The company had a trading volume of 1,392,991 shares, compared to its average volume of 3,588,193. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The business's fifty day moving average price is $395.79 and its 200 day moving average price is $373.58. The company has a market cap of $409.12 billion, a P/E ratio of 27.92, a PEG ratio of 3.94 and a beta of 1.00.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is currently 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.