1,323 Shares in The Home Depot, Inc. $HD Acquired by Vancity Investment Management Ltd

Key Points

• Vancity Investment Management Ltd acquired 1,323 shares of The Home Depot valued at approximately $485,000 during the first quarter.
• Insider transactions include CFO Richard V. Mcphail selling 3,369 shares and CEO Edward P. Decker selling 32,897 shares, indicating a decrease in their positions.
• The Home Depot announced a quarterly dividend of $2.30 per share, reflecting a yield of 2.2% with an ex-dividend date on September 4th.

Vancity Investment Management Ltd bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,323 shares of the home improvement retailer's stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ascent Group LLC grew its position in shares of Home Depot by 2.4% in the 1st quarter. Ascent Group LLC now owns 29,530 shares of the home improvement retailer's stock worth $10,822,000 after buying an additional 699 shares during the period. Strait & Sound Wealth Management LLC increased its stake in Home Depot by 6.2% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 8,281 shares of the home improvement retailer's stock valued at $3,035,000 after purchasing an additional 487 shares in the last quarter. Caxton Associates LLP bought a new stake in Home Depot during the 1st quarter valued at about $2,288,000. Signature Estate & Investment Advisors LLC increased its stake in Home Depot by 1.6% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 3,089 shares of the home improvement retailer's stock valued at $1,132,000 after purchasing an additional 50 shares in the last quarter. Finally, Hamilton Capital LLC increased its stake in Home Depot by 15.4% during the 1st quarter. Hamilton Capital LLC now owns 2,605 shares of the home improvement retailer's stock valued at $955,000 after purchasing an additional 348 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were 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 of the company's stock, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 3,783 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,532 shares of company stock valued at $18,648,987. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of HD stock traded down $0.09 on Friday, reaching $423.33. The company's stock had a trading volume of 5,003,133 shares, compared to its average volume of 3,572,979. The stock's fifty day simple moving average is $388.99 and its 200-day simple moving average is $372.26. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year 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. The company 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 quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. 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 payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Morgan Stanley increased their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada reduced their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.