Bowen Hanes & Co. Inc. Buys 1,244 Shares of The Home Depot, Inc. $HD

Key Points

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Bowen Hanes & Co. Inc. increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 210,124 shares of the home improvement retailer's stock after purchasing an additional 1,244 shares during the period. Home Depot makes up 2.1% of Bowen Hanes & Co. Inc.'s holdings, making the stock its 13th largest position. Bowen Hanes & Co. Inc.'s holdings in Home Depot were worth $77,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. ZEGA Investments LLC grew its holdings in shares of Home Depot by 12.4% during the first quarter. ZEGA Investments LLC now owns 2,873 shares of the home improvement retailer's stock worth $1,053,000 after buying an additional 316 shares in the last quarter. Credit Agricole S A lifted its stake in Home Depot by 72.1% in the 1st quarter. Credit Agricole S A now owns 378,172 shares of the home improvement retailer's stock valued at $138,596,000 after acquiring an additional 158,481 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Home Depot by 0.3% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 37,620 shares of the home improvement retailer's stock worth $13,764,000 after acquiring an additional 125 shares in the last quarter. Berkshire Asset Management LLC PA raised its holdings in shares of Home Depot by 4.7% in the first quarter. Berkshire Asset Management LLC PA now owns 10,205 shares of the home improvement retailer's stock valued at $3,717,000 after purchasing an additional 456 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Home Depot by 10.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 120,711 shares of the home improvement retailer's stock valued at $44,239,000 after purchasing an additional 11,516 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, DA Davidson restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Performance

HD stock traded up $15.2960 during mid-day trading on Friday, hitting $412.9960. 5,283,627 shares of the company were exchanged, compared to its average volume of 3,560,177. The business has a 50 day simple moving average of $373.34 and a 200-day simple moving average of $371.56. The company has a current ratio of 1.15, a quick ratio of 0.28 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $410.90 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 3.81 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 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 company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the business 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, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,672 shares of company stock valued at $16,827,675 in the last three months. Corporate insiders own 0.10% of the company's stock.

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.