Livforsakringsbolaget Skandia Omsesidigt Acquires 3,800 Shares of The Home Depot, Inc. $HD

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in The Home Depot by 16.6%, purchasing an additional 3,800 shares and holding a total of 26,724 shares valued at approximately $9.8 million.
• The Home Depot reported a Q2 EPS of $4.68, slightly missing analysts' expectations, while revenues reached $45.28 billion, reflecting a 4.9% year-over-year increase.
• The company declared a quarterly dividend of $2.30 per share, translating to an annual yield of 2.2%, and has a dividend payout ratio of 62.50%.

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 16.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,724 shares of the home improvement retailer's stock after purchasing an additional 3,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Home Depot were worth $9,797,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in Home Depot during the 2nd quarter valued at about $418,486,000. IFM Investors Pty Ltd boosted its stake in Home Depot by 5.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 193,994 shares of the home improvement retailer's stock valued at $71,126,000 after purchasing an additional 9,321 shares during the period. Pioneer Wealth Management Group boosted its stake in Home Depot by 6.1% during the 2nd quarter. Pioneer Wealth Management Group now owns 628 shares of the home improvement retailer's stock valued at $230,000 after purchasing an additional 36 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in Home Depot during the 2nd quarter valued at about $246,000. Finally, Orgel Wealth Management LLC acquired a new position in Home Depot during the 2nd quarter valued at about $201,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wolfe Research started coverage on shares of Home Depot in a research note on Thursday. They set an "outperform" rating and a $497.00 target price for the company. Robert W. Baird boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. DA Davidson restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Truist Financial boosted their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.00.

Home Depot Trading Down 0.4%

Shares of HD stock traded down $1.71 during trading hours on Friday, reaching $415.77. 6,709,599 shares of the stock traded hands, compared to its average volume of 3,720,799. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business has a fifty day moving average price of $394.94 and a 200 day moving average price of $373.39. 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 firm has a market capitalization of $413.85 billion, a PE ratio of 28.25, a PEG ratio of 3.94 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 EPS. The firm's revenue 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 research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction that occurred 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 owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The transaction 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 company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company 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.