Petrus Trust Company LTA Purchases New Holdings in The Home Depot, Inc. $HD

Petrus Trust Company LTA bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,172 shares of the home improvement retailer's stock, valued at approximately $430,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Plancorp LLC boosted its holdings in Home Depot by 10.4% in the first quarter. Plancorp LLC now owns 5,621 shares of the home improvement retailer's stock valued at $2,060,000 after purchasing an additional 528 shares during the last quarter. NFJ Investment Group LLC grew its holdings in shares of Home Depot by 38.3% in the 1st quarter. NFJ Investment Group LLC now owns 86,667 shares of the home improvement retailer's stock worth $31,763,000 after acquiring an additional 24,004 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Home Depot by 1.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 121,317 shares of the home improvement retailer's stock valued at $44,461,000 after buying an additional 1,518 shares in the last quarter. National Wealth Management Group LLC boosted its position in Home Depot by 184.3% during the first quarter. National Wealth Management Group LLC now owns 1,740 shares of the home improvement retailer's stock valued at $638,000 after purchasing an additional 1,128 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Home Depot by 5.1% in the first quarter. NewEdge Advisors LLC now owns 208,773 shares of the home improvement retailer's stock worth $76,513,000 after buying an additional 10,048 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock worth $18,648,987 over the last 90 days. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Gordon Haskett raised their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. One investment 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, the stock has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Trading Down 0.4%

Shares of NYSE HD traded down $1.76 during trading on Friday, reaching $421.66. The company had a trading volume of 2,745,680 shares, compared to its average volume of 3,558,774. The company's fifty day moving average price is $388.99 and its 200-day moving average price is $372.26. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market cap of $419.71 billion, a P/E ratio of 28.68, a PEG ratio of 3.92 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.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $45.43 billion. During the same period last year, the company posted $4.60 earnings per share. Home Depot's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Home Depot 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.