Northwest & Ethical Investments L.P. Buys 3,471 Shares of The Home Depot, Inc. $HD

Key Points

• Northwest & Ethical Investments L.P. increased its holdings in Home Depot by 50.6%, now owning over 10,000 shares valued at approximately $3.78 million.
• Home Depot reported earnings per share (EPS) of $3.56 for the last quarter, slightly missing the consensus estimate, but revenue rose 9.4% compared to the previous year.
• The company recently announced a quarterly dividend of $2.30, translating to an annual yield of 2.3% with a payout ratio of 62.42%.

Northwest & Ethical Investments L.P. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 50.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 10,326 shares of the home improvement retailer's stock after acquiring an additional 3,471 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Home Depot were worth $3,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Invst LLC grew its position in Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after buying an additional 28 shares during the last quarter. Financial Insights Inc. grew its position in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after purchasing an additional 28 shares in the last quarter. Wayfinding Financial LLC boosted its stake in shares of Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the period. Pure Portfolios Holdings LLC boosted its stake in shares of Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares during the period. Finally, First Interstate Bank lifted its stake in shares of Home Depot by 0.3% in the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after purchasing an additional 28 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Performance

Home Depot stock traded up $15.2960 during midday trading on Friday, hitting $412.9960. The company's stock had a trading volume of 5,254,827 shares, compared to its average volume of 3,552,794. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year 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 0.28. The company has a 50-day moving average price of $373.34 and a two-hundred day moving average price of $371.56. The company has a market cap of $410.90 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.81 and a beta of 1.00.

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 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 business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the firm earned $4.60 EPS. Home Depot'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. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

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.