The Home Depot, Inc. $HD Shares Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its position in The Home Depot, Inc. (NYSE:HD) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 159,695 shares of the home improvement retailer’s stock after acquiring an additional 19,300 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Home Depot were worth $64,707,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 173 shares during the period. Ignite Planners LLC grew its stake in shares of Home Depot by 0.7% in the second quarter. Ignite Planners LLC now owns 6,526 shares of the home improvement retailer’s stock valued at $2,346,000 after buying an additional 47 shares in the last quarter. Croban acquired a new stake in shares of Home Depot in the second quarter valued at about $416,000. Finally, Matrix Asset Advisors Inc. NY raised its holdings in shares of Home Depot by 1.8% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 47,617 shares of the home improvement retailer’s stock valued at $17,458,000 after buying an additional 846 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction on 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 completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. Oppenheimer dropped their price target on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research note on Friday, December 5th. Robert W. Baird dropped their target price on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Evercore cut their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. DA Davidson lowered their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Stifel Nicolaus dropped their price objective on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $404.47.

Home Depot Stock Up 0.2%

HD stock opened at $390.46 on Thursday. The firm’s 50-day moving average is $364.64 and its two-hundred day moving average is $379.81. The company has a market capitalization of $388.71 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 13.91 and a beta of 1.08. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. 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 released its quarterly earnings data 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). 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 the consensus estimate of $41.06 billion. During the same period in the prior year, the business earned $3.78 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders 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 yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.71%.

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.