The Home Depot, Inc. $HD Shares Bought by Woodstock Corp

Woodstock Corp raised its position in The Home Depot, Inc. (NYSE:HD) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 59,916 shares of the home improvement retailer’s stock after acquiring an additional 68 shares during the period. Home Depot makes up 2.0% of Woodstock Corp’s investment portfolio, making the stock its 10th largest holding. Woodstock Corp’s holdings in Home Depot were worth $21,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bowman & Co S.C. grew its holdings in Home Depot by 0.7% during the second quarter. Bowman & Co S.C. now owns 9,392 shares of the home improvement retailer’s stock worth $3,447,000 after acquiring an additional 68 shares during the period. Bay Rivers Group lifted its position in shares of Home Depot by 3.4% in the second quarter. Bay Rivers Group now owns 7,219 shares of the home improvement retailer’s stock valued at $2,647,000 after acquiring an additional 235 shares in the last quarter. Riversedge Advisors LLC lifted its position in shares of Home Depot by 18.1% in the second quarter. Riversedge Advisors LLC now owns 1,425 shares of the home improvement retailer’s stock valued at $522,000 after acquiring an additional 218 shares in the last quarter. Beacon Financial Group lifted its position in Home Depot by 0.7% during the second quarter. Beacon Financial Group now owns 5,198 shares of the home improvement retailer’s stock worth $1,906,000 after buying an additional 36 shares during the period. Finally, Czech National Bank lifted its position in Home Depot by 6.5% during the second quarter. Czech National Bank now owns 242,951 shares of the home improvement retailer’s stock worth $89,076,000 after buying an additional 14,791 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction that occurred 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 owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock opened at $422.88 on Tuesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market cap of $420.93 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The stock has a 50-day simple moving average of $391.13 and a 200-day simple moving average of $372.40.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the business posted $4.60 EPS. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Jefferies Financial Group reduced their target price on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Mizuho upped their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Robert W. Baird upped their price target on 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 upped their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. dropped their price target 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. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus 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.