UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Holdings in The Home Depot, Inc. $HD

Key Points

• UBS Asset Management increased its stake in Home Depot by 5.6% during the first quarter, acquiring an additional 477,192 shares, bringing its total ownership to approximately 8.95 million shares valued at $3.28 billion.
• Home Depot's most recent earnings report indicated an EPS of $4.68, slightly below analysts' expectations of $4.69, with revenue at $45.28 billion, underperforming the forecast of $45.43 billion.
• The company declared a quarterly dividend of $2.30 per share, which reflects an annualized yield of 2.2% and a payout ratio of 62.5%, with the dividend payment set for September 18th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,949,404 shares of the home improvement retailer's stock after buying an additional 477,192 shares during the period. Home Depot accounts for 0.8% of UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC's portfolio, making the stock its 14th biggest position. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.90% of Home Depot worth $3,279,867,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Abound Financial LLC purchased a new stake in Home Depot in the first quarter worth $31,000. Iron Horse Wealth Management LLC grew its stake 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 purchasing an additional 46 shares during the period. Quest 10 Wealth Builders Inc. grew its stake 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 purchasing an additional 30 shares during the period. Spurstone Advisory Services LLC purchased a new stake in Home Depot in the fourth quarter worth $45,000. Finally, Vega Investment Solutions purchased a new stake in Home Depot in the fourth quarter worth $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. DA Davidson reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. TD Securities downgraded Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Stock Performance

Home Depot stock traded down $0.09 during midday trading on Friday, reaching $423.33. 5,003,481 shares of the company traded hands, compared to its average volume of 3,572,982. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. 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 has a 50 day moving average of $388.99 and a two-hundred day moving average of $372.26. The firm has a market capitalization of $421.38 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 3.92 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

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.