The Home Depot, Inc. $HD Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in The Home Depot, Inc. (NYSE:HD) by 19.8% during the second quarter, HoldingsChannel.com reports. The firm owned 431,044 shares of the home improvement retailer’s stock after purchasing an additional 71,162 shares during the period. Home Depot makes up approximately 0.6% of Handelsbanken Fonder AB’s holdings, making the stock its 29th biggest holding. Handelsbanken Fonder AB’s holdings in Home Depot were worth $158,038,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. United Bank lifted its stake in Home Depot by 14.9% during the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock worth $1,841,000 after purchasing an additional 653 shares during the last quarter. Dempze Nancy E boosted its holdings in Home Depot by 6.3% in the first quarter. Dempze Nancy E now owns 12,641 shares of the home improvement retailer’s stock worth $4,633,000 after purchasing an additional 746 shares during the period. Pinnacle Associates Ltd. increased its stake in Home Depot by 4.2% during the first quarter. Pinnacle Associates Ltd. now owns 155,536 shares of the home improvement retailer’s stock valued at $57,002,000 after purchasing an additional 6,203 shares during the last quarter. Finally, Ninepoint Partners LP acquired a new stake in shares of Home Depot during the first quarter worth $695,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $332.50 on Friday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The stock’s fifty day moving average is $386.94 and its 200-day moving average is $381.13. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market capitalization of $330.97 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HD. Bank of America decreased their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen decreased their target price on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday. Evercore ISI lowered their target price on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Home Depot in a report on Wednesday. Finally, HSBC lowered their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $410.36.

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.