Talbot Financial LLC Purchases 9,967 Shares of The Home Depot, Inc. $HD

Key Points

• Talbot Financial LLC increased its stake in Home Depot by 26.1%, now holding 48,109 shares valued at approximately $17.6 million, making it the firm's 23rd largest investment.
• Home Depot's quarterly earnings were $4.68 EPS, slightly missing analysts' expectations of $4.69, despite a year-over-year revenue increase of 4.9% to $45.28 billion.
• The company recently declared a quarterly dividend of $2.30 per share, resulting in an annualized dividend of $9.20 and a yield of 2.3%.

Talbot Financial LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 26.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,109 shares of the home improvement retailer's stock after purchasing an additional 9,967 shares during the period. Home Depot comprises 1.7% of Talbot Financial LLC's investment portfolio, making the stock its 23rd largest holding. Talbot Financial LLC's holdings in Home Depot were worth $17,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Brighton Jones LLC grew its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Vest Financial LLC grew its holdings in shares of Home Depot by 67.6% during the first quarter. Vest Financial LLC now owns 8,062 shares of the home improvement retailer's stock worth $2,955,000 after purchasing an additional 3,252 shares during the last quarter. Eagle Rock Investment Company LLC boosted its holdings in Home Depot by 9.4% in the first quarter. Eagle Rock Investment Company LLC now owns 1,289 shares of the home improvement retailer's stock valued at $472,000 after acquiring an additional 111 shares during the last quarter. Pines Wealth Management LLC boosted its holdings in Home Depot by 10.0% in the first quarter. Pines Wealth Management LLC now owns 3,938 shares of the home improvement retailer's stock valued at $1,320,000 after acquiring an additional 357 shares during the last quarter. Finally, Udine Wealth Management Inc. boosted its holdings in Home Depot by 6.8% in the first quarter. Udine Wealth Management Inc. now owns 5,898 shares of the home improvement retailer's stock valued at $2,162,000 after acquiring an additional 378 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Home Depot stock opened at $394.88 on Friday. The stock has a market capitalization of $393.06 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.75 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock's 50 day moving average price is $402.63 and its two-hundred day moving average price is $376.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's dividend payout ratio is presently 62.50%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company'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 transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company's stock, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. 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 three months. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HD has been the topic of several analyst reports. Morgan Stanley upped their target price on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Truist Financial upped their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of Home Depot in a report on Saturday, September 27th. Robert W. Baird upped 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. Finally, Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $436.40.

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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