Davis Rea LTD. Buys 179 Shares of The Home Depot, Inc. $HD

Davis Rea LTD. increased its stake in The Home Depot, Inc. (NYSE:HD) by 1.7% in the second quarter, Holdings Channel reports. The institutional investor owned 10,948 shares of the home improvement retailer’s stock after acquiring an additional 179 shares during the period. Davis Rea LTD.’s holdings in Home Depot were worth $4,014,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HD. Brighton Jones LLC lifted its position 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 worth $10,471,000 after buying an additional 7,203 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Home Depot by 7.2% during the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock worth $10,237,000 after purchasing an additional 1,880 shares during the last quarter. Ballew Advisors Inc lifted its position in shares of Home Depot by 16.2% during the first quarter. Ballew Advisors Inc now owns 732 shares of the home improvement retailer’s stock worth $259,000 after purchasing an additional 102 shares during the last quarter. Thomasville National Bank lifted its position in shares of Home Depot by 3.2% during the first quarter. Thomasville National Bank now owns 7,155 shares of the home improvement retailer’s stock worth $2,622,000 after purchasing an additional 223 shares during the last quarter. Finally, Baker Chad R lifted its position in shares of Home Depot by 22.2% during the first quarter. Baker Chad R now owns 21,545 shares of the home improvement retailer’s stock worth $7,896,000 after purchasing an additional 3,910 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% 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 three months. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Truist Financial lifted their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Mizuho lifted their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned 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 $435.42.

Home Depot Stock Performance

HD stock opened at $375.86 on Friday. 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 business has a 50-day moving average price of $403.54 and a 200 day moving average price of $377.09. The company has a market capitalization of $374.13 billion, a P/E ratio of 25.53, a PEG ratio of 3.58 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 released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $45.43 billion. During the same quarter in the previous year, the firm earned $4.60 earnings per share. The business’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. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

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.