Schnieders Capital Management LLC Acquires 1,433 Shares of The Home Depot, Inc. $HD

Key Points

• Schnieders Capital Management LLC increased its stake in Home Depot by 14.1%, acquiring 1,433 additional shares, bringing its total holdings to 11,587 shares valued at approximately $4.25 million.
• Home Depot's recent earnings report showed $4.68 EPS, which was slightly below analysts' expectations, with revenue of $45.28 billion for the quarter.
• The company declared a quarterly dividend of $2.30 per share, with a 2.3% dividend yield and a payout ratio of 62.5%.

Schnieders Capital Management LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,587 shares of the home improvement retailer's stock after acquiring an additional 1,433 shares during the period. Schnieders Capital Management LLC's holdings in Home Depot were worth $4,248,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mainstay Capital Management LLC ADV purchased a new stake in Home Depot in the 2nd quarter worth approximately $263,000. WealthPlan Investment Management LLC bought a new position in shares of Home Depot in the second quarter worth $1,149,000. Tower View Wealth Management LLC raised its position in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock worth $5,938,000 after buying an additional 671 shares in the last quarter. Ransom Advisory Ltd bought a new stake in Home Depot during the first quarter valued at $3,851,000. Finally, Shell Asset Management Co. grew its position in Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer's stock worth $17,663,000 after buying an additional 15,002 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $391.79 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a market cap of $389.98 billion, a PE ratio of 26.62, a PEG ratio of 3.72 and a beta of 1.00. The company's fifty day moving average is $403.70 and its 200 day moving average is $378.12. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

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 (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HD. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Stifel Nicolaus boosted their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. DA Davidson restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Morgan Stanley upped their target price 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. Finally, Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. 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. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $435.42.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last quarter. Company 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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