Invesco LLC Has $1.55 Million Stock Holdings in The Home Depot, Inc. $HD

Invesco LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,224 shares of the home improvement retailer’s stock after selling 58 shares during the quarter. Invesco LLC’s holdings in Home Depot were worth $1,549,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HD. Nova R Wealth Inc. boosted its holdings in shares of Home Depot by 12.3% in the second quarter. Nova R Wealth Inc. now owns 813 shares of the home improvement retailer’s stock valued at $298,000 after buying an additional 89 shares during the period. Kelly Financial Services LLC lifted its position in Home Depot by 4.3% in the 2nd quarter. Kelly Financial Services LLC now owns 1,719 shares of the home improvement retailer’s stock valued at $630,000 after acquiring an additional 71 shares in the last quarter. Covenant Asset Management LLC boosted its stake in Home Depot by 1.8% in the 2nd quarter. Covenant Asset Management LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,330,000 after purchasing an additional 114 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in Home Depot by 54.0% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,971 shares of the home improvement retailer’s stock worth $2,922,000 after purchasing an additional 2,795 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its holdings in Home Depot by 1.8% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 8,255 shares of the home improvement retailer’s stock worth $3,027,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents 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 William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Morgan Stanley raised their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Oppenheimer boosted their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.40.

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $410.16 on Monday. The stock has a market cap of $408.27 billion, a P/E ratio of 27.86, a P/E/G ratio of 3.89 and a beta of 1.00. 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 Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The business’s 50 day moving average is $399.85 and its 200-day moving average is $374.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 earnings per share. 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 predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

About Home Depot

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.