AMG National Trust Bank Raises Stake in The Home Depot, Inc. $HD

AMG National Trust Bank increased its stake in The Home Depot, Inc. (NYSE:HD) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,901 shares of the home improvement retailer’s stock after acquiring an additional 69 shares during the period. Home Depot makes up 0.9% of AMG National Trust Bank’s investment portfolio, making the stock its 27th largest position. AMG National Trust Bank’s holdings in Home Depot were worth $32,961,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% during the 4th 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. Golden State Wealth Management LLC increased its holdings in shares of Home Depot by 13.3% during the 1st quarter. Golden State Wealth Management LLC now owns 5,712 shares of the home improvement retailer’s stock worth $2,093,000 after buying an additional 669 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Home Depot by 2.0% during the 1st quarter. Private Trust Co. NA now owns 17,643 shares of the home improvement retailer’s stock worth $6,466,000 after buying an additional 340 shares during the last quarter. Weaver Consulting Group increased its holdings in shares of Home Depot by 2.3% during the 1st quarter. Weaver Consulting Group now owns 2,942 shares of the home improvement retailer’s stock worth $1,078,000 after buying an additional 65 shares during the last quarter. Finally, Novem Group increased its holdings in shares of Home Depot by 18.7% during the 1st quarter. Novem Group now owns 2,872 shares of the home improvement retailer’s stock worth $1,053,000 after buying an additional 453 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HD. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Oppenheimer lifted their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $434.35.

Home Depot Price Performance

Shares of HD stock opened at $379.39 on Friday. The company has a market capitalization of $377.64 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm has a fifty day simple moving average of $401.23 and a 200-day simple moving average of $380.29. 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 announced its earnings results 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). The business had revenue of $45.28 billion for 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 firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid 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 2.4%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer 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 is available in the SEC filing. Over the last ninety days, 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 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.