Ilmarinen Mutual Pension Insurance Co Purchases 14,000 Shares of The Home Depot, Inc. $HD

Key Points

• Ilmarinen Mutual Pension Insurance Co has increased its stake in The Home Depot by 9.2%, now holding 166,096 shares, valued at approximately $60.87 million.
• Home Depot reported its quarterly earnings with an EPS of $4.68, slightly missing the estimate, and announced a dividend of $2.30 per share to be paid on September 18th.
• Institutional investors own 70.86% of Home Depot's stock, indicating a strong interest from large financial entities in the company.

Ilmarinen Mutual Pension Insurance Co boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,096 shares of the home improvement retailer's stock after purchasing an additional 14,000 shares during the period. Home Depot comprises about 0.5% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 22nd largest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Home Depot were worth $60,873,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HD. SageView Advisory Group LLC raised its position in Home Depot by 2.8% during the first quarter. SageView Advisory Group LLC now owns 20,601 shares of the home improvement retailer's stock worth $7,550,000 after acquiring an additional 553 shares in the last quarter. Advisory Alpha LLC increased its position in Home Depot by 10.6% during the 1st quarter. Advisory Alpha LLC now owns 8,394 shares of the home improvement retailer's stock worth $3,076,000 after buying an additional 803 shares during the period. Trinity Financial Advisors LLC grew its position in shares of Home Depot by 1.8% during the 1st quarter. Trinity Financial Advisors LLC now owns 2,582 shares of the home improvement retailer's stock worth $919,000 after purchasing an additional 46 shares in the last quarter. Client 1ST Advisory Group LLC increased its position in shares of Home Depot by 1.5% in the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after purchasing an additional 27 shares during the period. Finally, SCS Capital Management LLC bought a new position in Home Depot in the 1st quarter valued at about $4,590,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 1.1%

Shares of HD stock opened at $415.53 on Wednesday. The firm has a market cap of $413.61 billion, a P/E ratio of 28.23, a PEG ratio of 3.98 and a beta of 1.00. The company has a 50 day moving average of $387.12 and a 200-day moving average of $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 Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly 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 for 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 firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate 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 will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis 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 Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the company'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 sale, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction 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. This represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Guggenheim reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Stifel Nicolaus lifted their price objective on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, Royal Bank Of Canada cut their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $432.52.

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.

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