Arvest Bank Trust Division Has $10.94 Million Holdings in The Home Depot, Inc. $HD

Arvest Bank Trust Division lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 1,930.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,833 shares of the home improvement retailer’s stock after buying an additional 28,364 shares during the period. Arvest Bank Trust Division’s holdings in Home Depot were worth $10,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Edgestream Partners L.P. grew its position in Home Depot by 2.2% during the first quarter. Edgestream Partners L.P. now owns 3,155 shares of the home improvement retailer’s stock valued at $1,156,000 after purchasing an additional 69 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Home Depot by 2.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 19,126 shares of the home improvement retailer’s stock valued at $7,010,000 after buying an additional 416 shares during the period. Ascent Wealth Partners LLC lifted its position in Home Depot by 8.4% in the 1st quarter. Ascent Wealth Partners LLC now owns 28,506 shares of the home improvement retailer’s stock worth $10,447,000 after buying an additional 2,210 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in shares of Home Depot by 2.6% during the 1st quarter. Dynasty Wealth Management LLC now owns 5,326 shares of the home improvement retailer’s stock valued at $1,952,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.9%

Shares of HD stock opened at $367.70 on Friday. The stock’s 50 day simple moving average is $394.28 and its 200 day simple moving average is $381.65. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 company has a market capitalization of $366.00 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 3.59 and a beta of 1.00.

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 firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. 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%.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Sanford C. Bernstein boosted their target price 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. Morgan Stanley raised their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Wells Fargo & Company reduced their price target on Home Depot from $450.00 to $435.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, DA Davidson restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $433.00.

About Home Depot

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.