The Home Depot, Inc. $HD Stock Holdings Lifted by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,387 shares of the home improvement retailer’s stock after purchasing an additional 1,713 shares during the period. Home Depot accounts for about 1.2% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its 15th largest position. AEGON ASSET MANAGEMENT UK Plc’s holdings in Home Depot were worth $103,542,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sagard Holdings Management Inc. bought a new stake in Home Depot in the second quarter worth approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the second quarter worth $35,000. Dougherty Wealth Advisers LLC acquired a new position in Home Depot during the third quarter worth $38,000. Finally, Marquette Asset Management LLC acquired a new position in Home Depot during the third quarter worth $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,963 shares of company stock worth $1,748,845 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

NYSE:HD opened at $383.63 on Monday. 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 50-day moving average of $356.03 and a 200-day moving average of $378.58. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The company has a market capitalization of $381.91 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 14.30 and a beta of 1.08.

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 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 for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the business earned $3.78 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Morgan Stanley boosted their target price on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. TD Cowen raised their target price on Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Piper Sandler cut their price target on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Finally, Truist Financial set a $405.00 target price on shares of Home Depot in a research report on Friday, January 16th. Twenty-one 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $404.50.

About Home Depot

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.