Savant Capital LLC Boosts Holdings in The Home Depot, Inc. $HD

Savant Capital LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,096 shares of the home improvement retailer’s stock after purchasing an additional 1,494 shares during the quarter. Savant Capital LLC’s holdings in Home Depot were worth $25,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in shares of Home Depot in the second quarter valued at approximately $4,885,603,000. Laurel Wealth Advisors LLC raised its stake in Home Depot by 36,207.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after purchasing an additional 10,049,029 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Home Depot by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after purchasing an additional 1,494,615 shares in the last quarter. Amundi lifted its holdings in Home Depot by 11.1% in the 2nd quarter. Amundi now owns 7,903,550 shares of the home improvement retailer’s stock valued at $2,938,935,000 after purchasing an additional 790,476 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in Home Depot by 112.3% during the 3rd quarter. Voya Investment Management LLC now owns 1,444,128 shares of the home improvement retailer’s stock worth $585,147,000 after purchasing an additional 763,739 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $380.97 on Wednesday. The stock’s 50-day moving average price is $361.11 and its 200 day moving average price is $379.28. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The firm has a market cap of $379.26 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 13.50 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued its quarterly 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 business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts expect 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 was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio is 62.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Guggenheim dropped their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Stifel Nicolaus decreased their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Wells Fargo & Company lowered their target price on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Wolfe Research upped their price target on Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, December 22nd. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $404.50.

Insider Buying and Selling at Home Depot

In other Home Depot news, 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 value of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value 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 position. The SEC filing for this sale provides additional information. Insiders sold 4,963 shares of company stock valued at $1,748,845 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Home Depot 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.