Invesco LLC Has $1.55 Million Stake in The Home Depot, Inc. $HD

Invesco LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,224 shares of the home improvement retailer’s stock after selling 58 shares during the period. Invesco LLC’s holdings in Home Depot were worth $1,549,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Home Depot by 9.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 39,688 shares of the home improvement retailer’s stock worth $14,545,000 after buying an additional 3,293 shares in the last quarter. Bowman & Co S.C. grew its holdings in Home Depot by 5.0% during the 1st quarter. Bowman & Co S.C. now owns 9,324 shares of the home improvement retailer’s stock worth $3,419,000 after acquiring an additional 447 shares during the last quarter. Abner Herrman & Brock LLC grew its holdings in Home Depot by 2.0% during the 1st quarter. Abner Herrman & Brock LLC now owns 36,245 shares of the home improvement retailer’s stock worth $13,284,000 after acquiring an additional 719 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC increased its position in Home Depot by 16.1% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 1,119 shares of the home improvement retailer’s stock valued at $410,000 after acquiring an additional 155 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD stock opened at $410.16 on Monday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 company has a market cap of $408.27 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 3.89 and a beta of 1.00. The business’s fifty day moving average is $399.85 and its 200-day moving average is $374.87.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 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 the consensus estimate of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 EPS. The company’s revenue for the quarter 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 forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HD shares. DA Davidson reissued a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Wells Fargo & Company upped their price objective on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Oppenheimer lifted their target price on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday. TD Securities lowered Home Depot to a “buy” rating in a research note on Monday, June 2nd. Finally, Robert W. Baird raised their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Home Depot currently 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, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This trade represents a 13.50% 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 ninety days. 0.10% of the stock is owned by corporate insiders.

Home Depot 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.