Northwest & Ethical Investments L.P. Increases Stock Holdings in The Home Depot, Inc. $HD

Northwest & Ethical Investments L.P. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 188.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 29,742 shares of the home improvement retailer’s stock after purchasing an additional 19,416 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Home Depot were worth $10,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of HD. Centerpoint Advisory Group boosted its position in shares of Home Depot by 0.8% during the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after purchasing an additional 26 shares in the last quarter. Disciplined Investors L.L.C. lifted its stake in shares of Home Depot by 2.3% in the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after purchasing an additional 26 shares during the period. Brio Consultants LLC lifted its stake in shares of Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the period. Client 1ST Advisory Group LLC boosted its holdings in Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after buying an additional 27 shares in the last quarter. Finally, BWM Planning LLC boosted its holdings in Home Depot by 0.7% during the second quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock worth $1,505,000 after buying an additional 27 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

NYSE:HD opened at $351.23 on Wednesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a market cap of $349.61 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company’s 50-day moving average is $382.21 and its two-hundred day moving average is $381.01. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last posted 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). The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HD shares. The Goldman Sachs Group reduced their price target on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. DA Davidson set a $430.00 price objective on Home Depot in a report on Wednesday, November 19th. Morgan Stanley decreased their target price on Home Depot from $430.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home Depot in a report on Wednesday, November 19th. Finally, HSBC decreased their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Twenty-two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $404.60.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of Home Depot 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 of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.