Geneos Wealth Management Inc. Has $9.19 Million Stake in The Home Depot, Inc. $HD

Key Points

• Geneos Wealth Management Inc. increased its stake in Home Depot by 14%, owning 25,078 shares valued at approximately $9.19 million.
• Home Depot reported EPS of $4.68, slightly missing analyst expectations, with quarterly revenue at $45.28 billion, a 4.9% year-over-year increase.
• The company announced a quarterly dividend of $2.30 per share, resulting in an annualized dividend of $9.20 and a yield of 2.2%.

Geneos Wealth Management Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,078 shares of the home improvement retailer's stock after purchasing an additional 3,088 shares during the period. Geneos Wealth Management Inc.'s holdings in Home Depot were worth $9,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Home Depot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after purchasing an additional 720,447 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted 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 purchasing an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after purchasing an additional 891,326 shares in the last quarter. GAMMA Investing LLC boosted 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 purchasing an additional 10,210,851 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted 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 purchasing an additional 1,494,261 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Home Depot stock opened at $415.53 on Wednesday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company's 50 day moving average price is $387.12 and its two-hundred day moving average price is $371.68. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a market cap of $413.61 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.98 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm posted $4.60 EPS. The company'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. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the 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 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 disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock valued at $18,648,987 in the last quarter. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

HD has been the topic of several research analyst reports. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. DA Davidson reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Gordon Haskett increased their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. One investment 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 company. According to MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

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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