The Home Depot, Inc. $HD Shares Bought by Accredited Investors Inc.

Accredited Investors Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,761 shares of the home improvement retailer’s stock after purchasing an additional 277 shares during the period. Accredited Investors Inc.’s holdings in Home Depot were worth $1,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nuveen LLC acquired a new stake in shares of Home Depot during the 1st quarter valued at $2,076,592,000. Valeo Financial Advisors LLC grew its holdings in shares of Home Depot by 16,746.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after acquiring an additional 4,510,944 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Home Depot during the second quarter valued at $418,486,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock valued at $5,282,398,000 after purchasing an additional 891,326 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 1.0%

NYSE HD opened at $374.29 on Wednesday. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm’s fifty day simple moving average is $395.90 and its 200-day simple moving average is $381.83. The company has a market capitalization of $372.56 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter last year, the firm earned $4.60 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given 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 dividend payout ratio is presently 62.50%.

Insiders Place Their Bets

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 sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The stock was 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 directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last three months. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HD shares. Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Truist Financial decreased their target price on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research report on Monday. DA Davidson restated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Sanford C. Bernstein raised their price objective on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $433.77.

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.