The Home Depot, Inc. $HD Shares Acquired by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in The Home Depot by 45.2%, holding 48,175 shares valued at approximately $17.66 million as of the latest reporting period.
• The Home Depot reported earnings of $4.68 per share for the last quarter, missing the consensus estimate by $0.01, with revenues totaling $45.28 billion.
• The company declared a quarterly dividend of $2.30 per share, resulting in an annualized dividend yield of 2.4% and a payout ratio of 62.50%.

Shell Asset Management Co. lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 45.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,175 shares of the home improvement retailer's stock after acquiring an additional 15,002 shares during the period. Home Depot accounts for approximately 0.6% of Shell Asset Management Co.'s holdings, making the stock its 22nd biggest position. Shell Asset Management Co.'s holdings in Home Depot were worth $17,663,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the 2nd quarter valued at $28,000. Abound Financial LLC bought a new stake in Home Depot in the first quarter worth about $31,000. Iron Horse Wealth Management LLC lifted its holdings in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new stake in Home Depot in the 2nd quarter valued at about $40,000. Finally, Compass Financial Services Inc bought a new position in shares of Home Depot during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

HD opened at $389.56 on Tuesday. The firm has a market capitalization of $387.76 billion, a P/E ratio of 26.46, a PEG ratio of 3.75 and a beta of 1.00. The stock has a fifty day moving average of $402.88 and a 200-day moving average of $376.78. 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 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 posted its quarterly earnings results 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the firm posted $4.60 earnings per share. The firm's quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Insider Activity

In other news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on 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 directly owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William D. Bastek sold 3,783 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% 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 three months. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on HD shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Home Depot in a report on Saturday, September 27th. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Stifel Nicolaus upped their price target on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Mizuho raised their price objective on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Finally, Oppenheimer boosted their target price on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research report on Thursday, September 25th. One investment 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 company. According to data from MarketBeat.com, Home Depot 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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