Dupont Capital Management Corp Acquires New Stake in The Home Depot, Inc. $HD

Dupont Capital Management Corp acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the third quarter, Holdings Channel reports. The fund acquired 20,475 shares of the home improvement retailer’s stock, valued at approximately $8,296,000.

A number of other large investors have also modified their holdings of HD. West Branch Capital LLC raised its position in shares of Home Depot by 3.0% in the third quarter. West Branch Capital LLC now owns 14,187 shares of the home improvement retailer’s stock valued at $5,748,000 after buying an additional 415 shares during the last quarter. McElhenny Sheffield Capital Management LLC raised its holdings in Home Depot by 41.4% in the 3rd quarter. McElhenny Sheffield Capital Management LLC now owns 809 shares of the home improvement retailer’s stock valued at $328,000 after acquiring an additional 237 shares during the last quarter. Mokosak Advisory Group LLC purchased a new position in Home Depot in the 3rd quarter worth approximately $210,000. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Home Depot by 3.8% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,550 shares of the home improvement retailer’s stock worth $6,706,000 after purchasing an additional 607 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Home Depot by 1.5% in the third quarter. Mather Group LLC. now owns 15,417 shares of the home improvement retailer’s stock valued at $6,247,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HD shares. Argus reduced their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. Morgan Stanley reiterated an “outperform” rating on shares of Home Depot in a report on Wednesday, December 10th. Evercore ISI dropped their price objective on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Twenty-one 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $402.10.

Home Depot Price Performance

Shares of HD opened at $345.87 on Friday. The firm has a 50-day simple moving average of $357.16 and a two-hundred day simple moving average of $377.44. The stock has a market cap of $344.32 billion, a PE ratio of 23.58, a P/E/G ratio of 12.82 and a beta of 1.08. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29.

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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the previous year, the business posted $3.78 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is presently 62.71%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% 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. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by company insiders.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.