Strathmore Capital Advisors Inc. Makes New Investment in The Home Depot, Inc. $HD

Key Points

• Strathmore Capital Advisors Inc. purchased a new stake in The Home Depot, acquiring 2,297 shares valued at approximately $852,000 during the 2nd quarter.
• Home Depot's latest quarterly earnings reported $4.68 EPS, slightly missing estimates; however, revenue increased by 4.9% year-over-year to $45.28 billion.
• The company declared a quarterly dividend of $2.30 per share, leading to an annualized dividend yield of 2.2% and a payout ratio of 62.50%.

Strathmore Capital Advisors Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,297 shares of the home improvement retailer's stock, valued at approximately $852,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after acquiring an additional 565 shares during the last quarter. State of Wyoming lifted its stake in shares of Home Depot by 29.1% in the 4th quarter. State of Wyoming now owns 666 shares of the home improvement retailer's stock valued at $259,000 after acquiring an additional 150 shares during the last quarter. Novem Group acquired a new stake in shares of Home Depot during the fourth quarter valued at about $941,000. Finally, Mosaic Family Wealth Partners LLC boosted its stake in shares of Home Depot by 6.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,876 shares of the home improvement retailer's stock valued at $730,000 after purchasing an additional 110 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot 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 completion of the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last ninety days. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. DA Davidson reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Mizuho boosted their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Truist Financial increased their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $435.00.

Home Depot Trading Down 0.7%

HD traded down $2.83 during trading on Monday, reaching $412.86. 2,655,518 shares of the stock traded hands, compared to its average volume of 3,792,485. 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 capitalization of $410.96 billion, a PE ratio of 28.05, a P/E/G ratio of 3.94 and a beta of 1.00. The stock's 50-day moving average is $395.79 and its 200 day moving average is $373.58. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates 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 EPS. The business's revenue 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 analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend 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 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.