Martin Capital Partners LLC Boosts Holdings in The Home Depot, Inc. $HD

Key Points

• Martin Capital Partners LLC increased its stake in The Home Depot, Inc. by 214.0%, now holding 11,949 shares valued at $4,381,000 according to a recent SEC filing.
• Home Depot reported earnings of $4.68 per share, slightly missing estimates, with revenue of $45.28 billion, which was below the expected $45.43 billion.
• The company declared a quarterly dividend of $2.30 per share, reflecting an annualized dividend of $9.20 and a yield of 2.2%, with a payout ratio of 62.50%.

Martin Capital Partners LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 214.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,949 shares of the home improvement retailer's stock after buying an additional 8,144 shares during the period. Martin Capital Partners LLC's holdings in Home Depot were worth $4,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Asset Planning Services Inc. LA ADV grew its position in Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Nuveen LLC acquired a new stake in Home Depot in the first quarter valued at $2,076,592,000. Price T Rowe Associates Inc. MD lifted its holdings in Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after acquiring an additional 891,326 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.0%

Shares of NYSE:HD opened at $423.33 on Monday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a market capitalization of $421.38 billion, a P/E ratio of 28.76, a PEG ratio of 4.01 and a beta of 1.00. The stock has a 50-day simple moving average of $390.03 and a 200-day simple moving average of $372.22.

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 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%.The firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on HD. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. DA Davidson reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Robert W. Baird raised their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average price target of $432.52.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by 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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