Addison Advisors LLC Has $1.65 Million Stock Holdings in The Home Depot, Inc. $HD

Addison Advisors LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,495 shares of the home improvement retailer’s stock after acquiring an additional 289 shares during the period. Addison Advisors LLC’s holdings in Home Depot were worth $1,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cypress Capital LLC raised its holdings in shares of Home Depot by 2.6% in the 2nd quarter. Cypress Capital LLC now owns 7,767 shares of the home improvement retailer’s stock worth $2,848,000 after buying an additional 194 shares in the last quarter. Tillman Hartley LLC bought a new stake in Home Depot in the second quarter valued at $251,000. Illinois Municipal Retirement Fund raised its stake in Home Depot by 20.3% during the second quarter. Illinois Municipal Retirement Fund now owns 79,951 shares of the home improvement retailer’s stock worth $29,313,000 after acquiring an additional 13,511 shares in the last quarter. Davis R M Inc. raised its stake in Home Depot by 2.9% during the second quarter. Davis R M Inc. now owns 157,537 shares of the home improvement retailer’s stock worth $57,759,000 after acquiring an additional 4,459 shares in the last quarter. Finally, Altman Advisors Inc. lifted its holdings in shares of Home Depot by 2.1% during the second quarter. Altman Advisors Inc. now owns 4,947 shares of the home improvement retailer’s stock valued at $1,846,000 after acquiring an additional 101 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction 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 represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.4%

NYSE:HD opened at $370.71 on Monday. The company has a market cap of $369.00 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock’s fifty day moving average price is $397.28 and its two-hundred day moving average price is $381.63. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the firm earned $4.60 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Oppenheimer boosted 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. Morgan Stanley raised their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Sanford C. Bernstein lifted their target price on shares of Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $434.82.

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.