Asset Management One Co. Ltd. Has $216.60 Million Stock Position in The Home Depot, Inc. $HD

Asset Management One Co. Ltd. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534,564 shares of the home improvement retailer’s stock after purchasing an additional 12,239 shares during the period. Home Depot comprises approximately 0.6% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 24th biggest position. Asset Management One Co. Ltd. owned 0.05% of Home Depot worth $216,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Home Depot in the second quarter valued at about $4,885,603,000. Laurel Wealth Advisors LLC boosted its stake in shares of Home Depot by 36,207.5% in the 2nd 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. Valeo Financial Advisors LLC boosted its stake 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 valued at $1,663,768,000 after purchasing an additional 4,510,944 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 valued at $35,922,952,000 after purchasing an additional 1,494,615 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $418,486,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 0.5%

Shares of NYSE:HD opened at $344.20 on Tuesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The business’s 50-day moving average is $356.34 and its 200-day moving average is $377.84. The company has a market capitalization of $342.65 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 12.88 and a beta of 1.08.

Home Depot (NYSE:HD) last issued its 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 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 earnings per share. The company’s revenue for the quarter 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. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. Zacks Research lowered shares of Home Depot from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 27th. KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research note on Wednesday, November 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price objective on shares of Home Depot in a report on Monday, November 24th. BNP Paribas Exane upped their target price on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $402.10.

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.