Motley Fool Asset Management LLC Has $23.30 Million Stock Position in The Home Depot, Inc. $HD

Motley Fool Asset Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 15.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,540 shares of the home improvement retailer’s stock after buying an additional 8,418 shares during the quarter. Home Depot accounts for approximately 1.1% of Motley Fool Asset Management LLC’s holdings, making the stock its 19th largest holding. Motley Fool Asset Management LLC’s holdings in Home Depot were worth $23,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Home Depot by 17.0% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 157,758 shares of the home improvement retailer’s stock worth $57,840,000 after acquiring an additional 22,949 shares in the last quarter. Rossby Financial LCC lifted its holdings in Home Depot by 11.2% during the second quarter. Rossby Financial LCC now owns 993 shares of the home improvement retailer’s stock worth $364,000 after acquiring an additional 100 shares in the last quarter. SYM FINANCIAL Corp lifted its holdings in Home Depot by 8.4% during the second quarter. SYM FINANCIAL Corp now owns 2,160 shares of the home improvement retailer’s stock worth $792,000 after acquiring an additional 168 shares in the last quarter. Facet Wealth Inc. lifted its holdings in Home Depot by 36.8% during the second quarter. Facet Wealth Inc. now owns 2,615 shares of the home improvement retailer’s stock worth $961,000 after acquiring an additional 703 shares in the last quarter. Finally, Wealth Watch Advisors INC lifted its holdings in Home Depot by 8.7% during the second quarter. Wealth Watch Advisors INC now owns 1,518 shares of the home improvement retailer’s stock worth $557,000 after acquiring an additional 121 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last three months. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD opened at $385.44 on Tuesday. The company has a market capitalization of $383.66 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.67 and a beta of 1.00. The business’s 50-day moving average price is $402.49 and its two-hundred day moving average price is $379.90. 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 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. 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 presently 62.50%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wolfe Research assumed coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Truist Financial lifted their price target on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $434.35.

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.