Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires 3,606 Shares of The Home Depot, Inc. $HD

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in The Home Depot by 1.4% in Q2, owning a total of 257,852 shares valued at approximately $94.5 million.
• Home Depot announced a quarterly dividend of $2.30 per share, resulting in an annualized dividend of $9.20 and a dividend yield of 2.4%.
• The company reported quarterly earnings per share of $4.68, slightly missing analysts' expectations, with a total revenue of $45.28 billion, which was also below expectations.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,852 shares of the home improvement retailer's stock after purchasing an additional 3,606 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Home Depot were worth $94,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Client 1ST Advisory Group LLC increased its stake in Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock valued at $688,000 after purchasing an additional 27 shares in the last quarter. Financial Insights Inc. increased its stake in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after purchasing an additional 28 shares in the last quarter. Wayfinding Financial LLC increased its stake in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after purchasing an additional 28 shares in the last quarter. Pure Portfolios Holdings LLC increased its stake in Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after purchasing an additional 28 shares in the last quarter. Finally, First Interstate Bank increased its stake in Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE HD opened at $388.56 on Thursday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market cap of $386.76 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.71 and a beta of 1.00. The company has a fifty day moving average price of $403.24 and a 200-day moving average price of $378.52.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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). The company had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is 62.50%.

Analysts Set New Price Targets

HD has been the subject of a number of recent research reports. DA Davidson restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Robert W. Baird boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $435.42.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 3,783 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was 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 directly owned 45,455 shares in the company, valued at $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. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

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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