Epoch Investment Partners Inc. Has $54.73 Million Holdings in The Home Depot, Inc. $HD

Epoch Investment Partners Inc. cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,346 shares of the home improvement retailer’s stock after selling 6,334 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Home Depot were worth $54,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navigoe LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in Home Depot during the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares in the last quarter. Quarry LP lifted its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after buying an additional 30 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. TD Securities downgraded Home Depot to a “buy” rating in a report on Monday, June 2nd. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $432.52.

Home Depot Trading Down 0.2%

Shares of NYSE HD opened at $407.88 on Wednesday. The business has a 50 day simple moving average of $376.81 and a 200 day simple moving average of $371.24. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market cap of $405.81 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 3.88 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,532 shares of company stock valued at $18,648,987 in the last three months. 0.10% of the stock is currently owned by company insiders.

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.