The Home Depot, Inc. $HD Stake Boosted by West Branch Capital LLC

West Branch Capital LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,772 shares of the home improvement retailer’s stock after purchasing an additional 328 shares during the quarter. Home Depot makes up 1.5% of West Branch Capital LLC’s portfolio, making the stock its 19th largest holding. West Branch Capital LLC’s holdings in Home Depot were worth $5,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Home Depot by 0.8% during the second quarter. Signaturefd LLC now owns 48,166 shares of the home improvement retailer’s stock worth $17,660,000 after buying an additional 384 shares during the period. First American Bank lifted its position in Home Depot by 0.9% in the second quarter. First American Bank now owns 54,398 shares of the home improvement retailer’s stock worth $19,944,000 after purchasing an additional 480 shares during the period. ORG Partners LLC lifted its position in Home Depot by 6.3% in the second quarter. ORG Partners LLC now owns 1,308 shares of the home improvement retailer’s stock worth $489,000 after purchasing an additional 77 shares during the period. Stillwater Capital Advisors LLC lifted its position in Home Depot by 0.3% in the second quarter. Stillwater Capital Advisors LLC now owns 50,553 shares of the home improvement retailer’s stock worth $18,535,000 after purchasing an additional 157 shares during the period. Finally, HS Management Partners LLC acquired a new stake in Home Depot in the second quarter worth approximately $29,089,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HD shares. Wells Fargo & Company increased their price objective on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho raised their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wolfe Research began coverage on Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Finally, Morgan Stanley lifted their price objective on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.40.

Home Depot Stock Performance

HD stock opened at $410.16 on Friday. The business’s fifty day moving average is $399.85 and its 200-day moving average is $374.61. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market cap of $408.27 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the company earned $4.60 EPS. Home Depot’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. 0.10% of the stock is owned by corporate 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.