Berry Wealth Group LP Boosts Stake in The Home Depot, Inc. $HD

Berry Wealth Group LP lifted its position in The Home Depot, Inc. (NYSE:HD) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,344 shares of the home improvement retailer’s stock after acquiring an additional 298 shares during the period. Home Depot makes up approximately 3.2% of Berry Wealth Group LP’s holdings, making the stock its 9th biggest holding. Berry Wealth Group LP’s holdings in Home Depot were worth $4,526,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after acquiring an additional 1,494,615 shares during the period. Geode Capital Management LLC lifted its stake in Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after acquiring an additional 327,674 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock valued at $5,341,724,000 after acquiring an additional 153,582 shares in the last quarter. Norges Bank acquired a new stake in Home Depot in the 2nd quarter valued at $4,885,603,000. Finally, Laurel Wealth Advisors LLC grew its stake in Home Depot by 36,207.5% in the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after purchasing an additional 10,049,029 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday. Bank of America lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Telsey Advisory Group lowered their price objective on Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Robert W. Baird lowered their price objective on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, UBS Group cut their target price on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $404.60.

Home Depot Stock Performance

NYSE:HD opened at $356.98 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a fifty day moving average of $378.59 and a 200-day moving average of $380.53. The firm has a market capitalization of $355.33 billion, a P/E ratio of 24.25, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $436.36.

Home Depot (NYSE:HD) last posted its quarterly 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 last year, the company posted $3.78 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders 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 2.6%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

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.