W.H. Cornerstone Investments Inc. Purchases 375 Shares of The Home Depot, Inc. $HD

W.H. Cornerstone Investments Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 17.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,514 shares of the home improvement retailer’s stock after purchasing an additional 375 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in Home Depot were worth $922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in Home Depot during the second quarter worth approximately $28,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot during the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at approximately $35,000. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the 2nd quarter valued at $40,000. Finally, GFG Capital LLC acquired a new position in Home Depot during the second quarter worth about $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 0.1%

HD traded up $0.27 during midday trading on Thursday, reaching $371.40. 358,453 shares of the company’s stock traded hands, compared to its average volume of 3,484,277. The stock has a market capitalization of $369.68 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 3.59 and a beta of 1.00. The firm has a fifty day moving average of $395.17 and a two-hundred day moving average of $381.75. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last released its 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). The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. Home Depot’s payout ratio is presently 62.50%.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Truist Financial decreased their price target on Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Sanford C. Bernstein upped their price objective on Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a research note on Friday, November 7th. Wells Fargo & Company reduced their price objective on Home Depot from $450.00 to $435.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Oppenheimer lifted their price target on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $433.00.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% 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 the 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 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 represents a 25.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 in the last 90 days. 0.10% of the stock is owned by insiders.

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.