Cerity Partners LLC Buys 29,233 Shares of The Home Depot, Inc. $HD

Cerity Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 755,550 shares of the home improvement retailer’s stock after buying an additional 29,233 shares during the period. Cerity Partners LLC owned about 0.08% of Home Depot worth $277,024,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares during the last quarter. Geode Capital Management LLC increased its position in Home Depot by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after buying an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Home Depot by 1.1% in the second 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 buying an additional 153,582 shares during the period. Norges Bank purchased a new position in shares of Home Depot during the 2nd quarter valued at $4,885,603,000. Finally, Laurel Wealth Advisors LLC grew its stake in shares of Home Depot by 36,207.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after acquiring an additional 10,049,029 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Home Depot stock opened at $354.65 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $436.36. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $353.05 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 6.25 and a beta of 1.06. The firm’s 50 day simple moving average is $373.06 and its 200 day simple moving average is $379.79.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Morgan Stanley lowered their price target on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Evercore ISI reduced their price objective on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group dropped their target price on Home Depot from $474.00 to $438.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $403.50.

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.