The Home Depot, Inc. $HD Holdings Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 31.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,602 shares of the home improvement retailer’s stock after buying an additional 27,324 shares during the period. Home Depot comprises about 0.9% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 17th biggest holding. Elo Mutual Pension Insurance Co’s holdings in Home Depot were worth $42,384,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

NYSE HD opened at $336.93 on Tuesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a fifty day simple moving average of $383.62 and a 200 day simple moving average of $381.09. 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 cap of $335.37 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the firm earned $3.78 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio is presently 62.71%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HD. Robert W. Baird reduced their target price on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. BNP Paribas Exane cut their price target on shares of Home Depot from $391.00 to $353.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Argus lowered their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Finally, UBS Group cut their target price on Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $409.72.

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.