IMS Capital Management Invests $2.22 Million in The Home Depot, Inc. $HD

IMS Capital Management acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,060 shares of the home improvement retailer’s stock, valued at approximately $2,222,000. Home Depot comprises about 1.0% of IMS Capital Management’s investment portfolio, making the stock its 25th biggest position.

Several other large investors also recently bought and sold shares of HD. Abound Financial LLC acquired a new stake in shares of Home Depot during the first quarter worth $31,000. Iron Horse Wealth Management LLC raised its stake in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new stake in Home Depot during the 2nd quarter worth about $40,000. Compass Financial Services Inc purchased a new stake in Home Depot during the 1st quarter valued at about $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HD. 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 research report on Wednesday, August 20th. Truist Financial increased their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. TD Securities lowered Home Depot to a “buy” rating in a research report on Monday, June 2nd. Finally, Wolfe Research assumed coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $437.08.

Home Depot Trading Down 0.3%

NYSE:HD opened at $410.82 on Wednesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a market cap of $408.93 billion, a P/E ratio of 27.91, a PEG ratio of 3.91 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 stock’s 50 day simple moving average is $396.82 and its 200-day simple moving average is $373.84.

Home Depot (NYSE:HD) last issued 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the previous year, the firm earned $4.60 EPS. 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. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 2.2%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

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.