The Home Depot, Inc. $HD Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 767,020 shares of the home improvement retailer’s stock after purchasing an additional 2,090 shares during the period. The Manufacturers Life Insurance Company’s holdings in Home Depot were worth $281,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the 2nd quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new position in shares of Home Depot in the second quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot in the second quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the second quarter worth approximately $35,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $351.43 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The company has a 50-day moving average price of $369.79 and a 200 day moving average price of $379.41. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $428.00. The stock has a market cap of $349.86 billion, a P/E ratio of 23.96, a PEG ratio of 6.09 and a beta of 1.06.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HD. Bank of America lowered their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. HSBC decreased their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Jefferies Financial Group reissued a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research note on Wednesday. Finally, Evercore ISI lowered their target price on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.47.

Insider Transactions at Home Depot

In other Home Depot 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 sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company 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.