The Home Depot, Inc. $HD Shares Purchased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 15.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,077 shares of the home improvement retailer’s stock after purchasing an additional 409 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Home Depot were worth $1,128,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tower View Wealth Management LLC increased its holdings in Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Home Depot during the first quarter valued at about $3,851,000. Shell Asset Management Co. grew its stake in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after acquiring an additional 15,002 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Home Depot during the first quarter valued at about $406,000. Finally, Arbor Capital Management Inc. ADV grew its stake in shares of Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after acquiring an additional 221 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD opened at $383.84 on Thursday. The business’s 50 day moving average is $403.30 and its 200-day moving average is $376.89. The stock has a market cap of $382.07 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 3.67 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 Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last released its quarterly 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 business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm posted $4.60 EPS. The business’s quarterly 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. On average, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued 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 2.4%. Home Depot’s payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HD shares. Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price for the company. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. DA Davidson restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Robert W. Baird raised their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Insider Activity

In related news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

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.