The Home Depot, Inc. $HD Shares Bought by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners LLC increased its position in The Home Depot by 3.5%, now holding 21,541 shares valued at approximately $7.9 million, making it the firm's 11th biggest position.
• Shares of The Home Depot are currently valued at around $409.77, with a market cap of $407.88 billion and a recent quarterly earnings report showing a slight miss against expectations.
• The company recently paid a quarterly dividend of $2.30 per share, reflecting an annualized dividend yield of 2.2% and a payout ratio of 62.50%.

Harrell Investment Partners LLC increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,541 shares of the home improvement retailer's stock after acquiring an additional 738 shares during the period. Home Depot makes up about 2.0% of Harrell Investment Partners LLC's investment portfolio, making the stock its 11th biggest position. Harrell Investment Partners LLC's holdings in Home Depot were worth $7,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Asset Planning Services Inc. LA ADV grew its stake in Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $2,076,592,000. Price T Rowe Associates Inc. MD increased its stake in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $418,486,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction dated 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 sale, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.3%

Shares of NYSE:HD opened at $409.77 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm has a market cap of $407.88 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 3.90 and a beta of 1.00. The stock's 50-day moving average price is $397.87 and its two-hundred day moving average price is $374.09. 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 announced 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the previous year, the company earned $4.60 earnings per share. The company's 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. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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 dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. DA Davidson reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. TD Securities downgraded Home Depot to a "buy" rating in a research report on Monday, June 2nd. Wolfe Research started coverage on Home Depot in a research report on Thursday, September 18th. They set an "outperform" rating and a $497.00 price objective for the company. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Finally, Morgan Stanley lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $437.08.

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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