Reliant Investment Management LLC Has $7.08 Million Stock Holdings in The Home Depot, Inc. $HD

Reliant Investment Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,313 shares of the home improvement retailer’s stock after purchasing an additional 140 shares during the quarter. Home Depot comprises about 3.1% of Reliant Investment Management LLC’s portfolio, making the stock its 14th biggest position. Reliant Investment Management LLC’s holdings in Home Depot were worth $7,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Warther Private Wealth LLC lifted its stake in shares of Home Depot by 67.6% in the 2nd quarter. Warther Private Wealth LLC now owns 2,933 shares of the home improvement retailer’s stock valued at $1,075,000 after purchasing an additional 1,183 shares during the period. Strategic Blueprint LLC raised its stake in Home Depot by 2.3% during the 2nd quarter. Strategic Blueprint LLC now owns 10,479 shares of the home improvement retailer’s stock worth $3,842,000 after buying an additional 238 shares during the period. Principle Wealth Partners LLC raised its stake in Home Depot by 3.6% during the 2nd quarter. Principle Wealth Partners LLC now owns 40,790 shares of the home improvement retailer’s stock worth $14,955,000 after buying an additional 1,417 shares during the period. Sonata Capital Group Inc. acquired a new position in Home Depot during the 2nd quarter worth approximately $202,000. Finally, Granite Harbor Advisors Inc. raised its stake in Home Depot by 3.5% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 4,194 shares of the home improvement retailer’s stock worth $1,538,000 after buying an additional 142 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $388.56 on Thursday. 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 company has a market capitalization of $386.76 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.71 and a beta of 1.00. The stock has a 50 day moving average of $403.24 and a 200 day moving average of $378.52. 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 issued its quarterly earnings results 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). The business 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 revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HD shares. Mizuho upped their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Wolfe Research assumed coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. Finally, Truist Financial increased their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $435.42.

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.