USS Investment Management Ltd lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 631,442 shares of the home improvement retailer's stock after selling 52,665 shares during the period. Home Depot accounts for 1.8% of USS Investment Management Ltd's holdings, making the stock its 13th biggest position. USS Investment Management Ltd owned about 0.06% of Home Depot worth $231,401,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC raised its stake in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 46 shares during the period. Quest 10 Wealth Builders Inc. grew its holdings in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after buying an additional 30 shares in the last quarter. Spurstone Advisory Services LLC acquired a new position in Home Depot in the 4th quarter valued at $45,000. Finally, Vega Investment Solutions acquired a new position in Home Depot in the 4th quarter valued at $46,000. Institutional investors own 70.86% of the company's stock.
Home Depot Price Performance
Shares of HD traded down $1.66 during trading hours on Friday, hitting $421.76. 2,033,259 shares of the company were exchanged, compared to its average volume of 3,554,563. The company has a market cap of $419.82 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 3.92 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm's fifty day moving average is $388.99 and its 200 day moving average is $372.26.
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 (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio is currently 62.50%.
Insider Buying and Selling at Home Depot
In related news, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction on 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 owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock worth $18,648,987 over the last quarter. 0.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research analysts have commented on the company. Gordon Haskett upped their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. TD Securities lowered Home Depot to a "buy" rating in a report on Monday, June 2nd. Wells Fargo & Company upped their price objective on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $432.52.
Read Our Latest Analysis on HD
Home Depot Company Profile
(
Free Report)
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.
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