Public Employees Retirement System of Ohio Has $152.72 Million Holdings in The Home Depot, Inc. $HD

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in The Home Depot, Inc. by 1.8%, holding 416,534 shares worth approximately $152.72 million.
• Home Depot reported earnings per share of $4.68 for the latest quarter, slightly below the consensus estimate, and anticipates 15.13 EPS for the current fiscal year.
• Insider selling was noted, with two executives selling shares totaling over $2.6 million recently, indicating significant decreases in their holdings.

Public Employees Retirement System of Ohio lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 416,534 shares of the home improvement retailer's stock after selling 7,670 shares during the quarter. Home Depot makes up approximately 0.5% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 25th largest holding. Public Employees Retirement System of Ohio's holdings in Home Depot were worth $152,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Client 1ST Advisory Group LLC increased its position 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 during the period. Financial Insights Inc. grew its position in shares of Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after buying an additional 28 shares during the period. Wayfinding Financial LLC grew its position in shares of Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after buying an additional 28 shares during the period. Pure Portfolios Holdings LLC grew its position in shares of Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after buying an additional 28 shares during the period. Finally, First Interstate Bank grew its position in shares of Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock worth $3,306,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HD. DA Davidson reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Morgan Stanley raised their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Mizuho raised their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research 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 five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $437.08.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of NYSE:HD opened at $410.82 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock's fifty day simple moving average is $396.82 and its two-hundred day simple moving average is $373.84. 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 cap of $408.93 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.91 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued 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 company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the business posted $4.60 earnings per share. Home Depot's revenue 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, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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 dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.