The Home Depot, Inc. $HD Stake Lifted by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 17.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,514 shares of the home improvement retailer’s stock after buying an additional 375 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Home Depot were worth $922,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new stake in Home Depot in the 2nd quarter valued at $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot during the second quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the 2nd quarter valued at $35,000. Global X Japan Co. Ltd. bought a new position in Home Depot in the second quarter valued at $40,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Home Depot in the 2nd quarter valued at about $40,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.1%

Shares of NYSE HD traded up $0.27 during midday trading on Thursday, hitting $371.40. 358,453 shares of the company traded hands, compared to its average volume of 3,484,277. The firm has a market cap of $369.68 billion, a P/E ratio of 25.27, a P/E/G ratio of 3.59 and a beta of 1.00. The stock has a 50-day moving average price of $395.17 and a 200 day moving average price of $381.75. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. 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 announced its quarterly earnings data 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 company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Truist Financial decreased their price objective on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Morgan Stanley raised their price target 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. Wolfe Research assumed coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $433.00.

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

About Home Depot

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.