Hudson Edge Investment Partners Inc. Raises Stake in The Home Depot, Inc. $HD

Hudson Edge Investment Partners Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 9.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 18,297 shares of the home improvement retailer’s stock after buying an additional 1,639 shares during the period. Home Depot makes up about 1.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 25th largest position. Hudson Edge Investment Partners Inc.’s holdings in Home Depot were worth $7,414,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the 2nd quarter worth $28,000. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot during the second quarter worth about $29,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot in the second quarter valued at about $32,000. Dougherty Wealth Advisers LLC acquired a new position in Home Depot during the 3rd quarter worth approximately $38,000. Finally, Marquette Asset Management LLC acquired a new position in Home Depot during the 3rd quarter worth approximately $38,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 2.6%

HD stock opened at $384.80 on Thursday. The firm has a fifty day moving average price of $355.33 and a two-hundred day moving average price of $378.32. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The firm has a market cap of $383.07 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 13.98 and a beta of 1.08.

Home Depot (NYSE:HD) last posted 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 8.77% and a return on equity of 160.74%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $2.30 per share. 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 2.4%. Home Depot’s payout ratio is 62.71%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. Gordon Haskett dropped their price objective on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. UBS Group set a $430.00 price objective on shares of Home Depot in a report on Wednesday, December 10th. HSBC lowered their target price on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 price target on shares of Home Depot in a report on Monday, November 24th. Finally, Citigroup dropped their price objective on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $404.50.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the business’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 transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,963 shares of company stock worth $1,748,845. Company insiders own 0.10% of the company’s stock.

About Home Depot

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.