American Institute for Advanced Investment Management LLP Has $6.65 Million Holdings in The Home Depot, Inc. $HD

American Institute for Advanced Investment Management LLP raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 270.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,409 shares of the home improvement retailer’s stock after buying an additional 11,974 shares during the period. Home Depot comprises 4.1% of American Institute for Advanced Investment Management LLP’s portfolio, making the stock its 2nd largest holding. American Institute for Advanced Investment Management LLP’s holdings in Home Depot were worth $6,649,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Mainstay Capital Management LLC ADV acquired a new stake in Home Depot during the 2nd quarter valued at approximately $263,000. WealthPlan Investment Management LLC acquired a new stake in shares of Home Depot during the second quarter worth approximately $1,149,000. Tower View Wealth Management LLC increased its stake in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after buying an additional 671 shares during the last quarter. Shell Asset Management Co. raised its holdings in Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after acquiring an additional 15,002 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in Home Depot by 0.3% during the 2nd quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock valued at $15,537,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction on 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. This trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 1.6%

HD stock opened at $380.48 on Wednesday. The firm has a market cap of $378.77 billion, a PE ratio of 25.94, a P/E/G ratio of 14.41 and a beta of 1.08. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month 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 firm has a 50 day simple moving average of $357.47 and a 200 day simple moving average of $378.75.

Home Depot (NYSE:HD) last announced its 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 company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on HD. Truist Financial set a $405.00 price target on Home Depot in a research report on Friday, January 16th. UBS Group set a $430.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. Morgan Stanley raised their price target on shares of Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Evercore ISI decreased their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, DA Davidson dropped their price objective on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.