The Home Depot, Inc. $HD Shares Acquired by NTV Asset Management LLC

NTV Asset Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 48.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,318 shares of the home improvement retailer’s stock after purchasing an additional 4,001 shares during the quarter. NTV Asset Management LLC’s holdings in Home Depot were worth $4,991,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thoma Capital Management LLC lifted its holdings in shares of Home Depot by 16.2% in the 3rd quarter. Thoma Capital Management LLC now owns 811 shares of the home improvement retailer’s stock worth $329,000 after purchasing an additional 113 shares during the last quarter. Arbor Investment Advisors LLC boosted its position in Home Depot by 34.7% during the 3rd quarter. Arbor Investment Advisors LLC now owns 3,500 shares of the home improvement retailer’s stock worth $1,418,000 after acquiring an additional 901 shares during the period. Crowley Wealth Management Inc. grew its stake in shares of Home Depot by 0.5% in the third quarter. Crowley Wealth Management Inc. now owns 11,241 shares of the home improvement retailer’s stock worth $4,555,000 after purchasing an additional 51 shares in the last quarter. Physicians Financial Services Inc. increased its holdings in shares of Home Depot by 0.6% during the third quarter. Physicians Financial Services Inc. now owns 11,973 shares of the home improvement retailer’s stock valued at $4,851,000 after purchasing an additional 70 shares during the period. Finally, Pictet North America Advisors SA raised its stake in shares of Home Depot by 0.7% during the third quarter. Pictet North America Advisors SA now owns 12,675 shares of the home improvement retailer’s stock valued at $5,136,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.5%

Shares of NYSE:HD opened at $345.87 on Monday. The firm has a 50 day simple moving average of $357.16 and a 200 day simple moving average of $377.86. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The company has a market cap of $344.32 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 12.88 and a beta of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period last year, the firm earned $3.78 EPS. The company’s 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, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. UBS Group set a $430.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. TD Cowen decreased their price objective on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Bank of America lowered their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Daiwa Capital Markets upped their target price on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Finally, BNP Paribas Exane increased their price target on Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,963 shares of company stock worth $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.