The Home Depot, Inc. $HD Shares Purchased by Saturna Capital Corp

Saturna Capital Corp increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,464 shares of the home improvement retailer’s stock after buying an additional 185 shares during the period. Saturna Capital Corp’s holdings in Home Depot were worth $12,636,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Nuveen LLC purchased a new position in shares of Home Depot in the 1st quarter valued at about $2,076,592,000. Valeo Financial Advisors LLC raised its stake in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after buying an additional 4,510,944 shares during the period. Vanguard Group Inc. lifted its position 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 buying an additional 1,494,615 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Home Depot in the 2nd quarter worth $418,486,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 44,466 shares of company stock worth $17,859,432. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 6.0%

Shares of Home Depot stock opened at $336.55 on Wednesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $390.33 and its 200-day simple moving average is $381.80. The stock has a market cap of $334.99 billion, a P/E ratio of 22.86, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 193.99% and a net margin of 8.86%.The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the firm posted $3.78 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday. Robert W. Baird decreased their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wolfe Research started coverage on Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. DA Davidson reissued a “buy” rating and set a $475.00 target price on shares of Home Depot in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Home Depot in a research report on Thursday, November 13th. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.68.

Home Depot 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.