OMERS ADMINISTRATION Corp Has $17.02 Million Position in The Home Depot, Inc. $HD

Key Points

• OMERS ADMINISTRATION Corp has reduced its holdings in The Home Depot, Inc. by 20.7%, owning 46,436 shares valued at $17 million after selling 12,128 shares.
• The Home Depot reported $4.68 earnings per share for the last quarter, slightly below the consensus estimate, while its revenue rose 4.9% year-over-year to $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, with a dividend yield of 2.3%, payable on September 18th.

OMERS ADMINISTRATION Corp trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,436 shares of the home improvement retailer's stock after selling 12,128 shares during the period. OMERS ADMINISTRATION Corp's holdings in Home Depot were worth $17,018,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HD. Cape ANN Savings Bank grew its holdings in shares of Home Depot by 19.2% during the first quarter. Cape ANN Savings Bank now owns 1,363 shares of the home improvement retailer's stock worth $500,000 after purchasing an additional 220 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of Home Depot by 47.5% during the first quarter. Truvestments Capital LLC now owns 11,643 shares of the home improvement retailer's stock worth $4,267,000 after purchasing an additional 3,750 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Home Depot during the first quarter worth $82,000. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Home Depot by 4.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 206,423 shares of the home improvement retailer's stock worth $75,652,000 after purchasing an additional 8,861 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Home Depot by 0.5% during the first quarter. Transamerica Financial Advisors LLC now owns 15,360 shares of the home improvement retailer's stock worth $5,630,000 after purchasing an additional 69 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,532 shares of company stock valued at $18,648,987. Corporate insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.1%

Home Depot stock traded down $0.41 during mid-day trading on Friday, hitting $407.04. The stock had a trading volume of 2,210,294 shares, compared to its average volume of 3,613,161. The stock has a 50-day simple moving average of $380.40 and a two-hundred day simple moving average of $371.14. The stock has a market capitalization of $405.16 billion, a PE ratio of 27.65, a P/E/G ratio of 3.86 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

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 the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company 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 posted $4.60 EPS. The company's quarterly revenue 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 forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot's dividend payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HD. Gordon Haskett increased their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. DA Davidson restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley increased their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

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.