K.J. Harrison & Partners Inc Acquires 5,000 Shares of The Home Depot, Inc. $HD

K.J. Harrison & Partners Inc increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 32.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,260 shares of the home improvement retailer’s stock after acquiring an additional 5,000 shares during the quarter. Home Depot comprises about 1.2% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 16th largest holding. K.J. Harrison & Partners Inc’s holdings in Home Depot were worth $7,428,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HD. Brighton Jones LLC increased its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the period. Impax Asset Management Group plc increased its holdings in Home Depot by 13.0% in the 1st quarter. Impax Asset Management Group plc now owns 11,306 shares of the home improvement retailer’s stock valued at $4,144,000 after buying an additional 1,301 shares during the period. Vickerman Investment Advisors Inc. increased its holdings in Home Depot by 5.6% in the 1st quarter. Vickerman Investment Advisors Inc. now owns 6,570 shares of the home improvement retailer’s stock valued at $2,408,000 after buying an additional 351 shares during the period. McGlone Suttner Wealth Management Inc. increased its holdings in Home Depot by 9.3% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 4,606 shares of the home improvement retailer’s stock valued at $1,688,000 after buying an additional 391 shares during the period. Finally, Argentarii LLC increased its holdings in Home Depot by 3.0% in the 1st quarter. Argentarii LLC now owns 6,907 shares of the home improvement retailer’s stock valued at $2,532,000 after buying an additional 201 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HD shares. Mizuho raised their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Stifel Nicolaus raised their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Truist Financial raised their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Robert W. Baird raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $434.35.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last quarter. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.1%

NYSE:HD opened at $379.75 on Monday. The firm’s 50 day simple moving average is $400.57 and its 200 day simple moving average is $380.88. 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 Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market cap of $378.00 billion, a PE ratio of 25.80, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the business earned $4.60 earnings per share. The firm’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, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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