Guyasuta Investment Advisors Inc. Has $7.89 Million Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Guyasuta Investment Advisors Inc. increased its stake in The Home Depot by 3.2%, owning 21,528 shares valued at $7.89 million after purchasing an additional 663 shares in the second quarter.
• Home Depot reported earnings of $4.68 per share for the quarter, slightly missing analysts' expectations, and had a revenue of $45.28 billion, up 4.9% year-over-year.
• The company announced a quarterly dividend of $2.30 per share, reflecting an annualized dividend of $9.20 with a yield of 2.2%.

Guyasuta Investment Advisors Inc. increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,528 shares of the home improvement retailer's stock after buying an additional 663 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Home Depot were worth $7,893,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ransom Advisory Ltd acquired a new stake in shares of Home Depot in the 1st quarter valued at about $3,851,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Home Depot in the 1st quarter valued at about $406,000. Wealth Management Partners LLC grew its stake in shares of Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after buying an additional 36 shares during the period. Arbor Capital Management Inc. ADV grew its stake in shares of Home Depot by 4.8% in 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 period. Finally, Focus Partners Wealth grew its stake in shares of Home Depot by 4.1% in 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 period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $410.16 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock's 50 day moving average price is $399.85 and its 200-day moving average price is $374.68. The company has a market capitalization of $408.27 billion, a PE ratio of 27.86, a PEG ratio of 3.89 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last announced its 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 business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the previous year, the firm earned $4.60 EPS. Home Depot's quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid 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 was Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Truist Financial lifted their price target on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wolfe Research initiated coverage on Home Depot in a research note on Thursday, September 18th. They set an "outperform" rating and a $497.00 price target for the company. Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Finally, Oppenheimer lifted their price target on Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research note on Thursday. 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 company has a consensus rating of "Moderate Buy" and an average target price of $436.40.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by insiders.

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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