West Branch Capital LLC Has $5.05 Million Stock Holdings in The Home Depot, Inc. $HD

West Branch Capital LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,772 shares of the home improvement retailer’s stock after buying an additional 328 shares during the quarter. Home Depot makes up approximately 1.5% of West Branch Capital LLC’s portfolio, making the stock its 19th largest holding. West Branch Capital LLC’s holdings in Home Depot were worth $5,050,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HD. Brighton Jones LLC raised its stake in Home Depot by 36.5% in the fourth 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 in the last quarter. Versant Capital Management Inc increased its holdings in Home Depot by 25.5% in the 1st quarter. Versant Capital Management Inc now owns 8,219 shares of the home improvement retailer’s stock worth $3,012,000 after buying an additional 1,672 shares in the last quarter. Legacy Private Trust Co. grew its stake in shares of Home Depot by 21.4% during the 1st quarter. Legacy Private Trust Co. now owns 8,217 shares of the home improvement retailer’s stock valued at $3,011,000 after purchasing an additional 1,450 shares during the period. Sage Capital Advisors llc lifted its holdings in Home Depot by 0.9% in the 1st quarter. Sage Capital Advisors llc now owns 19,642 shares of the home improvement retailer’s stock worth $7,199,000 after purchasing an additional 176 shares in the last quarter. Finally, Webster Bank N. A. raised its holdings in Home Depot by 0.9% during the 1st quarter. Webster Bank N. A. now owns 19,838 shares of the home improvement retailer’s stock valued at $7,270,000 after buying an additional 175 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD stock opened at $410.16 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock’s fifty day simple moving average is $399.85 and its 200-day simple moving average is $374.61. 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 stock has a market capitalization of $408.27 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00.

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 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 firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the business posted $4.60 EPS. Home Depot’s 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. Equities research analysts expect 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. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Morgan Stanley increased their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Oppenheimer boosted their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.40.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

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.