Ferguson Wellman Capital Management Inc. Buys 681 Shares of The Home Depot, Inc. $HD

Key Points

• Ferguson Wellman Capital Management Inc. increased its holdings in The Home Depot by 0.3% during the second quarter, now owning approximately $97.8 million worth of shares.
• Home Depot reported quarterly earnings of $4.68 per share, slightly missing analyst expectations, with a total revenue of $45.28 billion, reflecting a year-over-year growth of 4.9%.
• The company recently declared a $2.30 quarterly dividend per share, translating to an annualized dividend of $9.20 and a yield of 2.2%.

Ferguson Wellman Capital Management Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,687 shares of the home improvement retailer's stock after acquiring an additional 681 shares during the quarter. Home Depot makes up approximately 1.7% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 18th biggest position. Ferguson Wellman Capital Management Inc.'s holdings in Home Depot were worth $97,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in Home Depot during the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC lifted its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after buying an additional 46 shares during the period. Compass Financial Services Inc acquired a new position in Home Depot during the 1st quarter worth about $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the 2nd quarter worth about $41,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 over the last three months. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wolfe Research initiated coverage on Home Depot in a report on Thursday. They set an "outperform" rating and a $497.00 target price on the stock. TD Securities downgraded Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $435.00.

Home Depot Trading Down 0.7%

Shares of NYSE:HD traded down $2.83 during midday trading on Monday, reaching $412.86. The company's stock had a trading volume of 2,655,518 shares, compared to its average volume of 3,792,485. The firm has a market capitalization of $410.96 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 3.94 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. The firm has a 50 day moving average price of $395.79 and a two-hundred day moving average price of $373.58. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (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 analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm'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 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is presently 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.