The Home Depot, Inc. $HD Shares Bought by Hudson Edge Investment Partners Inc.

Key Points

• Hudson Edge Investment Partners Inc. increased its stake in The Home Depot by 8.4% during the second quarter, owning a total of 16,658 shares valued at $6,107,000.
• Home Depot reported a quarterly earnings per share of $4.68, slightly missing the consensus estimate of $4.69, with revenues of $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, representing an annualized dividend yield of 2.3%.

Hudson Edge Investment Partners Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,658 shares of the home improvement retailer's stock after buying an additional 1,293 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Home Depot were worth $6,107,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HD. Brighton Jones LLC grew its position 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 buying an additional 7,203 shares in the last quarter. Sendero Wealth Management LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at $221,000. Clare Market Investments LLC lifted its position in shares of Home Depot by 41.4% during the 1st quarter. Clare Market Investments LLC now owns 1,715 shares of the home improvement retailer's stock worth $629,000 after purchasing an additional 502 shares during the last quarter. Lifestyle Asset Management Inc. grew its stake in shares of Home Depot by 10.5% during the first quarter. Lifestyle Asset Management Inc. now owns 1,017 shares of the home improvement retailer's stock worth $373,000 after purchasing an additional 97 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC increased its holdings in Home Depot by 3.5% in the first quarter. Warren Street Wealth Advisors LLC now owns 1,206 shares of the home improvement retailer's stock valued at $442,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.6%

Shares of HD opened at $394.56 on Friday. The firm has a market capitalization of $392.74 billion, a P/E ratio of 26.80, a PEG ratio of 3.76 and a beta of 1.00. 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's 50-day moving average is $402.24 and its two-hundred day moving average is $375.89. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) 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 firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the firm posted $4.60 earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on HD shares. 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 set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a report on Thursday, September 25th. Mizuho lifted their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $436.40.

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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