Maple Capital Management Inc. Acquires 2,353 Shares of The Home Depot, Inc. $HD

Key Points

• Maple Capital Management Inc. has increased its stake in The Home Depot, Inc. by 2.9%, owning a total of 82,848 shares valued at approximately $30.36 million.
• Home Depot reported a quarterly EPS of $4.68, falling short of the consensus estimate by $0.01, alongside revenues of $45.28 billion, marking a 4.9% increase year-over-year.
• The company recently announced a quarterly dividend of $2.30 per share, with a yield of 2.2% and a payout ratio of 62.50%.

Maple Capital Management Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,848 shares of the home improvement retailer's stock after buying an additional 2,353 shares during the quarter. Home Depot makes up 2.3% of Maple Capital Management Inc.'s portfolio, making the stock its 17th largest position. Maple Capital Management Inc.'s holdings in Home Depot were worth $30,363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Peterson Wealth Management raised its holdings in shares of Home Depot by 15.7% in the 1st quarter. Peterson Wealth Management now owns 10,266 shares of the home improvement retailer's stock valued at $3,762,000 after purchasing an additional 1,395 shares during the period. Compass Financial Services Inc bought a new stake in shares of Home Depot in the 1st quarter valued at about $41,000. 1248 Management LLC bought a new stake in shares of Home Depot in the 1st quarter valued at about $308,000. eCIO Inc. bought a new stake in shares of Home Depot in the 1st quarter valued at about $236,000. Finally, Cim LLC raised its holdings in shares of Home Depot by 5.2% in the 1st quarter. Cim LLC now owns 6,845 shares of the home improvement retailer's stock valued at $2,509,000 after purchasing an additional 339 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HD shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Gordon Haskett upped their target price on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Finally, Stifel Nicolaus upped their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Stock Up 2.5%

Shares of HD opened at $423.37 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm's 50 day moving average is $388.99 and its 200-day moving average is $372.26. The stock has a market capitalization of $421.42 billion, a PE ratio of 28.76, a P/E/G ratio of 3.92 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 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 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the business posted $4.60 earnings per share. The firm's revenue for the quarter 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. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. 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 (DPR) is 62.50%.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred on 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 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 a total of 46,532 shares of company stock valued at $18,648,987 over the last three months. 0.10% of the stock is owned by corporate insiders.

About Home Depot

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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