OLD National Bancorp IN Buys 3,804 Shares of The Home Depot, Inc. $HD

OLD National Bancorp IN increased its stake in The Home Depot, Inc. (NYSE:HD) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,935 shares of the home improvement retailer’s stock after purchasing an additional 3,804 shares during the period. OLD National Bancorp IN’s holdings in Home Depot were worth $9,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter valued at approximately $28,000. Abound Financial LLC bought a new position in Home Depot during the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC grew its position in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in Home Depot during the second quarter valued at approximately $40,000. Finally, Compass Financial Services Inc bought a new position in Home Depot during the first quarter valued at approximately $41,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $394.88 on Friday. 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 firm has a market capitalization of $393.06 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00. The business has a fifty day simple moving average of $402.63 and a two-hundred day simple moving average of $376.37. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HD shares. Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley increased their price objective on Home Depot from $415.00 to $430.00 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 issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $436.40.

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.