Sava Infond d.o.o. Makes New Investment in The Home Depot, Inc. $HD

Sava Infond d.o.o. acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 510 shares of the home improvement retailer’s stock, valued at approximately $187,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Fund Management Co Ltd. boosted its holdings in shares of Home Depot by 5.7% in the second quarter. LGT Fund Management Co Ltd. now owns 17,584 shares of the home improvement retailer’s stock valued at $6,447,000 after acquiring an additional 947 shares in the last quarter. Apexium Financial LP boosted its holdings in shares of Home Depot by 3.1% in the second quarter. Apexium Financial LP now owns 4,096 shares of the home improvement retailer’s stock valued at $1,502,000 after acquiring an additional 124 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Home Depot by 0.9% in the second quarter. Quent Capital LLC now owns 8,873 shares of the home improvement retailer’s stock valued at $3,253,000 after acquiring an additional 83 shares in the last quarter. 111 Capital boosted its holdings in shares of Home Depot by 9.0% in the second quarter. 111 Capital now owns 1,774 shares of the home improvement retailer’s stock valued at $650,000 after acquiring an additional 147 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. boosted its holdings in shares of Home Depot by 1.6% in the second quarter. Tilia Fiduciary Partners Inc. now owns 2,011 shares of the home improvement retailer’s stock valued at $737,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP William D. Bastek sold 3,783 shares of the business’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 owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 16,057 shares of the company’s stock, 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. Over the last quarter, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced 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 note on Wednesday, August 20th. Truist Financial raised their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Robert W. Baird raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Wells Fargo & Company raised their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $436.40.

Home Depot Stock Performance

NYSE:HD opened at $394.88 on Friday. The firm has a 50 day simple moving average of $402.63 and a 200-day simple moving average of $376.21. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market cap of $393.06 billion, a PE ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00. 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 posted its quarterly earnings data 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). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts expect 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. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is currently 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.