The Home Depot, Inc. $HD Shares Purchased by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 64.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,638 shares of the home improvement retailer’s stock after purchasing an additional 23,393 shares during the quarter. Home Depot comprises about 2.4% of Abner Herrman & Brock LLC’s holdings, making the stock its 14th largest holding. Abner Herrman & Brock LLC’s holdings in Home Depot were worth $21,866,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after purchasing an additional 565 shares during the last quarter. Redwood Investment Management LLC raised its holdings in Home Depot by 28.2% in the 4th quarter. Redwood Investment Management LLC now owns 2,467 shares of the home improvement retailer’s stock valued at $960,000 after buying an additional 543 shares during the period. Sentinus LLC lifted its position in Home Depot by 26.3% in the fourth quarter. Sentinus LLC now owns 1,053 shares of the home improvement retailer’s stock valued at $410,000 after buying an additional 219 shares during the last quarter. Finally, Sender Co & Partners Inc. boosted its stake in Home Depot by 24.7% during the fourth quarter. Sender Co & Partners Inc. now owns 4,250 shares of the home improvement retailer’s stock worth $1,653,000 after buying an additional 841 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.0%

Home Depot stock opened at $423.33 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year 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 stock has a market cap of $421.38 billion, a PE ratio of 28.76, a P/E/G ratio of 4.01 and a beta of 1.00. The stock’s fifty day moving average is $390.03 and its two-hundred day moving average is $372.34.

Home Depot (NYSE:HD) 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the firm posted $4.60 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Robert W. Baird increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Truist Financial increased their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Mizuho raised their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, TD Securities lowered Home Depot to a “buy” rating in a research report on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.