The Home Depot, Inc. $HD Shares Bought by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Home Depot by 11.4%, owning over 564,000 shares valued at approximately $207 million after buying 58,024 additional shares.
• Insiders, including EVP Teresa Wynn Roseborough and CEO Edward P. Decker, have recently sold significant shares, with combined sales of 42,672 shares totaling about $16.8 million, resulting in a reduction of their ownership percentages.
• Several analysts have raised their price targets for Home Depot, with the average target now at $432.52 and a consensus rating of "Moderate Buy."

Caisse DE Depot ET Placement DU Quebec grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 11.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,837 shares of the home improvement retailer's stock after purchasing an additional 58,024 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Home Depot worth $207,007,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HD. Navigoe LLC purchased a new position in shares of Home Depot during the 4th quarter worth $29,000. Abound Financial LLC purchased a new position in Home Depot in the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC grew its position in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the period. Quarry LP grew its position in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares during the period. Finally, Quest 10 Wealth Builders Inc. grew its position in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.1%

Shares of NYSE HD traded down $0.52 during mid-day trading on Thursday, hitting $407.72. The company had a trading volume of 4,051,568 shares, compared to its average volume of 3,565,147. The company has a market capitalization of $405.84 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 3.87 and a beta of 1.00. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business's 50-day simple moving average is $378.04 and its 200 day simple moving average is $371.50.

Home Depot (NYSE:HD - Get Free Report) last announced 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). The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HD. Wells Fargo & Company increased their price objective on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Morgan Stanley increased their price objective on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Evercore ISI set a $400.00 price target on Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Mizuho lifted their price objective on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One equities 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $432.52.

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.