The Home Depot, Inc. $HD Shares Purchased by Martin Capital Partners LLC

Martin Capital Partners LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 214.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,949 shares of the home improvement retailer’s stock after buying an additional 8,144 shares during the period. Martin Capital Partners LLC’s holdings in Home Depot were worth $4,381,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Abound Financial LLC acquired a new position in shares of Home Depot during the first quarter valued at $31,000. Iron Horse Wealth Management LLC increased its holdings in shares of Home Depot by 86.8% during 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 period. Compass Financial Services Inc acquired a new position in shares of Home Depot during the first quarter valued at $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the second quarter valued at $41,000. Finally, Quest 10 Wealth Builders Inc. increased its holdings in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 30 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.0%

Shares of Home Depot stock opened at $423.33 on Monday. The stock has a 50-day moving average price of $390.03 and a 200 day moving average price of $372.22. The company has a market cap of $421.38 billion, a P/E ratio of 28.76, a P/E/G ratio of 4.01 and a beta of 1.00. 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the prior year, the company posted $4.60 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend 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%.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% 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 in the last three months. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HD shares. Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. DA Davidson reissued a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Jefferies Financial Group decreased their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. JPMorgan Chase & Co. decreased their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.