Vanguard Personalized Indexing Management LLC Acquires 17,012 Shares of The Home Depot, Inc. $HD

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in The Home Depot by 14.1%, acquiring an additional 17,012 shares during the second quarter, bringing its total holdings to 137,415 shares.
• The Home Depot reported earnings of $4.68 per share for the last quarter, slightly missing analysts' expectations, with revenue at $45.28 billion compared to estimates of $45.43 billion.
• The company has announced a quarterly dividend of $2.30 per share, reflecting a 2.4% dividend yield, and has a high dividend payout ratio of 62.50%.

Vanguard Personalized Indexing Management LLC raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,415 shares of the home improvement retailer's stock after buying an additional 17,012 shares during the period. Home Depot comprises about 0.6% of Vanguard Personalized Indexing Management LLC's holdings, making the stock its 22nd largest position. Vanguard Personalized Indexing Management LLC's holdings in Home Depot were worth $50,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot in the second quarter valued at about $28,000. Abound Financial LLC purchased a new stake in shares of Home Depot in the first quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its holdings in shares of 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 valued at $36,000 after purchasing an additional 46 shares during the last quarter. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot in the second quarter valued at about $40,000. Finally, GFG Capital LLC purchased a new stake in shares of Home Depot in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD opened at $375.86 on Friday. The company has a market capitalization of $374.13 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.56 and a beta of 1.00. 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 has a 50-day moving average price of $403.54 and a 200-day moving average price of $377.20. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted 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). The business had revenue of $45.28 billion during 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%.Home Depot's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot 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 owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on HD shares. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Truist Financial raised their price objective on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Robert W. Baird raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report 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 issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $435.42.

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.

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