The Home Depot, Inc. $HD Shares Bought by Sarasin & Partners LLP

Key Points

• Sarasin & Partners LLP increased its stake in The Home Depot, Inc. by 1.0%, now holding 670,684 shares valued at approximately $245.9 million.
• Insiders, including EVP William D. Bastek and CEO Edward P. Decker, have recently sold shares, with Decker's sale accounting for a 21.18% decrease in his ownership.
• Home Depot plans to pay a $2.30 quarterly dividend on September 18th, representing an annualized yield of 2.2% based on its current payout ratio of 62.50%.

Sarasin & Partners LLP raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 670,684 shares of the home improvement retailer's stock after acquiring an additional 6,427 shares during the period. Home Depot makes up about 2.4% of Sarasin & Partners LLP's portfolio, making the stock its 15th biggest position. Sarasin & Partners LLP owned about 0.07% of Home Depot worth $245,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Lineweaver Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.8% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 10,895 shares of the home improvement retailer's stock valued at $3,995,000 after purchasing an additional 191 shares in the last quarter. Defined Wealth Management LLC grew its holdings in shares of Home Depot by 2.5% during the second quarter. Defined Wealth Management LLC now owns 2,193 shares of the home improvement retailer's stock worth $804,000 after buying an additional 53 shares in the last quarter. Stokes Capital Advisors LLC grew its holdings in shares of Home Depot by 2.2% during the second quarter. Stokes Capital Advisors LLC now owns 20,835 shares of the home improvement retailer's stock worth $7,639,000 after buying an additional 448 shares in the last quarter. DLK Investment Management LLC boosted its position in shares of Home Depot by 1.5% during the 2nd quarter. DLK Investment Management LLC now owns 15,217 shares of the home improvement retailer's stock valued at $5,579,000 after acquiring an additional 220 shares during the last quarter. Finally, Pines Wealth Management LLC boosted its position in shares of Home Depot by 9.6% during the 2nd quarter. Pines Wealth Management LLC now owns 4,318 shares of the home improvement retailer's stock valued at $1,605,000 after acquiring an additional 380 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.4%

Home Depot stock traded down $1.71 during mid-day trading on Friday, hitting $415.77. The company had a trading volume of 6,709,599 shares, compared to its average volume of 3,720,799. The stock has a market cap of $413.85 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 business has a fifty day moving average of $394.94 and a 200 day moving average of $373.39.

Home Depot (NYSE:HD - Get Free Report) last posted 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). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's revenue was up 4.9% compared to the same quarter last year. During the same period 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, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's dividend payout ratio is presently 62.50%.

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,000 shares of the 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 completion of the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly 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. In the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Truist Financial upped their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Robert W. Baird upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. DA Davidson reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reduced 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 report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $435.00.

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.