Wright Investors Service Inc. Has $4.92 Million Stake in The Home Depot, Inc. $HD

Key Points

• Wright Investors Service Inc. reduced its stake in Home Depot by 8.6%, now holding 13,428 shares valued at approximately $4.9 million, making it the firm's 16th largest position.
• Several hedge funds significantly increased their holdings in Home Depot, with Asset Planning Services Inc. LA ADV raising its stake by over 99,400%, now owning nearly 19 million shares worth about $6.9 billion.
• Home Depot's recent earnings report showed an EPS of $4.68, slightly missing analysts' expectations, with the company also announcing a quarterly dividend of $2.30 per share.

Wright Investors Service Inc. decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,428 shares of the home improvement retailer's stock after selling 1,260 shares during the quarter. Home Depot accounts for approximately 1.5% of Wright Investors Service Inc.'s holdings, making the stock its 16th largest position. Wright Investors Service Inc.'s holdings in Home Depot were worth $4,923,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after buying an additional 720,447 shares during the period. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Home Depot by 99,400.7% in the first 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 buying an additional 18,956,701 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after purchasing an additional 891,326 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Home Depot by 39,194.1% during 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. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company's stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last 90 days. Company insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.3%

HD stock traded down $1.10 during mid-day trading on Tuesday, hitting $410.90. The stock had a trading volume of 1,500,657 shares, compared to its average volume of 3,588,828. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a fifty day moving average of $395.79 and a 200 day moving average of $373.58. The stock has a market capitalization of $409.00 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.94 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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 firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the company earned $4.60 earnings per share. The business's revenue for the quarter 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 expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HD shares. JPMorgan Chase & Co. reduced their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. DA Davidson reaffirmed a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company upped their target price on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Morgan Stanley upped their target price on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Finally, Truist Financial upped their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $435.60.

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.