The Home Depot, Inc. $HD Holdings Boosted by Sawyer & Company Inc

Key Points

• Sawyer & Company Inc. increased its holdings in The Home Depot by 7.9%, now owning 8,468 shares valued at approximately $3,105,000.
• Home Depot's quarterly earnings report showed a miss with earnings per share of $4.68, slightly below analyst estimates, and revenue of $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, providing a yield of 2.2%, to be paid on September 18th.

Sawyer & Company Inc boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,468 shares of the home improvement retailer's stock after acquiring an additional 618 shares during the period. Sawyer & Company Inc's holdings in Home Depot were worth $3,105,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HD. Brighton Jones LLC increased its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares during the period. State of Wyoming increased its stake in shares of Home Depot by 29.1% in the fourth quarter. State of Wyoming now owns 666 shares of the home improvement retailer's stock valued at $259,000 after purchasing an additional 150 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $24,156,000. Finally, Woodline Partners LP acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $23,204,000. Institutional investors own 70.86% of the company's stock.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. 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 that occurred 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 sale, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last ninety days. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

NYSE HD opened at $416.49 on Thursday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market capitalization of $414.57 billion, a PE ratio of 28.29, a P/E/G ratio of 4.00 and a beta of 1.00. The company's 50 day simple moving average is $393.14 and its 200 day simple moving average is $373.05.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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%.The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced 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 dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. DA Davidson restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Finally, Robert W. Baird raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $432.52.

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.

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