The Home Depot, Inc. $HD Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its holdings in Home Depot shares by 10.9% during the first quarter, now owning approximately 1.08 million shares valued at $396 million.
• Home Depot reported $4.68 earnings per share for the last quarter, narrowly missing analyst expectations, and revenue increased by 4.9% year-over-year.
• The company declared a quarterly dividend of $2.30 per share, yielding 2.2%, with a payout ratio of 62.5%.

Swedbank AB increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,081,877 shares of the home improvement retailer's stock after acquiring an additional 106,722 shares during the period. Swedbank AB owned approximately 0.11% of Home Depot worth $396,497,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Howe & Rusling Inc. grew its position in shares of Home Depot by 25.5% during the 1st quarter. Howe & Rusling Inc. now owns 3,066 shares of the home improvement retailer's stock valued at $1,123,000 after acquiring an additional 622 shares during the period. Maple Capital Management Inc. grew its position in shares of Home Depot by 2.9% during the 1st quarter. Maple Capital Management Inc. now owns 82,848 shares of the home improvement retailer's stock valued at $30,363,000 after acquiring an additional 2,353 shares during the period. Peterson Wealth Management grew its position in shares of Home Depot by 15.7% during the 1st quarter. Peterson Wealth Management now owns 10,266 shares of the home improvement retailer's stock valued at $3,762,000 after acquiring an additional 1,395 shares during the period. Compass Financial Services Inc acquired a new stake in shares of Home Depot during the 1st quarter valued at about $41,000. Finally, 1248 Management LLC acquired a new stake in shares of Home Depot during the 1st quarter valued at about $308,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. DA Davidson restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Wells Fargo & Company raised their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Guggenheim reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Stock Performance

Shares of NYSE:HD opened at $423.37 on Friday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The business's 50 day moving average price is $388.99 and its 200-day moving average price is $372.26. The firm has a market capitalization of $421.42 billion, a PE ratio of 28.76, a P/E/G ratio of 3.92 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.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $45.43 billion. During the same period last year, the business earned $4.60 earnings per share. The company'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, equities research 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 declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Insider Activity

In other news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following 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. In the last quarter, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by company insiders.

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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