Jones Financial Companies Lllp Purchases 28,755 Shares of The Home Depot, Inc. $HD

Key Points

• Jones Financial Companies Lllp increased its stake in The Home Depot, Inc. by 32.4% in the first quarter, now owning a total of 117,570 shares valued at approximately $42.18 million.
• The Home Depot reported a quarterly EPS of $4.68, slightly missing analysts' estimates, with revenue of $45.28 billion, up 4.9% year-over-year.
• The company recently declared a quarterly dividend of $2.30 per share, which indicates an annualized dividend yield of 2.2%.

Jones Financial Companies Lllp increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 32.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,570 shares of the home improvement retailer's stock after acquiring an additional 28,755 shares during the quarter. Jones Financial Companies Lllp's holdings in Home Depot were worth $42,176,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC bought a new position in Home Depot in the 1st quarter worth $31,000. Iron Horse Wealth Management LLC grew its position in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its position in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in Home Depot in the 4th quarter worth $45,000. Finally, Vega Investment Solutions acquired a new stake in Home Depot in the 4th quarter worth $46,000. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HD shares. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. decreased their price target 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. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, DA Davidson restated a "buy" rating and issued a $450.00 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, 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. Over the last 90 days, insiders sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.0%

Shares of HD opened at $423.33 on Monday. The stock has a market cap of $421.38 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 4.01 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. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a 50-day moving average price of $390.03 and a two-hundred day moving average price of $372.22.

Home Depot (NYSE:HD - Get Free Report) last announced 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). The business 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 for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.