Generate Investment Management Ltd Purchases 18,187 Shares of The Home Depot, Inc. $HD

Key Points

• Generate Investment Management Ltd increased its holdings in Home Depot by 28.4%, acquiring an additional 18,187 shares during Q2, bringing its total to 82,326 shares, valued at approximately $30.2 million.
• Home Depot reported a Q2 earnings per share of $4.68, which slightly missed the consensus estimate of $4.69, while its revenue for the quarter amounted to $45.28 billion, down from the expected $45.43 billion.
• The company recently declared a dividend of $2.30 per share, representing an annualized dividend yield of 2.2% and a payout ratio of 62.50%.

Generate Investment Management Ltd raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 28.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,326 shares of the home improvement retailer's stock after acquiring an additional 18,187 shares during the period. Home Depot comprises approximately 1.7% of Generate Investment Management Ltd's portfolio, making the stock its 17th biggest holding. Generate Investment Management Ltd's holdings in Home Depot were worth $30,184,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HD. Ransom Advisory Ltd purchased a new position in Home Depot in the 1st quarter worth approximately $3,851,000. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter worth approximately $406,000. Wealth Management Partners LLC increased its stake in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares during the period. Arbor Capital Management Inc. ADV raised its holdings in Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after buying an additional 221 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in Home Depot by 4.1% during the 1st quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock valued at $155,131,000 after buying an additional 16,654 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $410.16 on Monday. The business has a fifty day simple moving average of $399.85 and a 200 day simple moving average of $374.87. 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 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market cap of $408.27 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 3.89 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research report on Thursday. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Truist Financial lifted their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company raised their target price 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. Finally, 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. 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, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $436.40.

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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