The Home Depot, Inc. $HD Shares Purchased by Morton Capital Management LLC CA

Morton Capital Management LLC CA increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 9.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,848 shares of the home improvement retailer’s stock after acquiring an additional 323 shares during the period. Morton Capital Management LLC CA’s holdings in Home Depot were worth $1,411,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in Home Depot during the 2nd quarter worth about $28,000. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its position in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in Home Depot in the 2nd quarter valued at about $40,000. Finally, Compass Financial Services Inc acquired a new stake in Home Depot in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In related news, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. Mizuho increased 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Wells Fargo & Company increased their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Robert W. Baird increased their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Trading Down 0.8%

HD opened at $383.84 on Thursday. The business’s 50-day simple moving average is $403.30 and its 200-day simple moving average is $376.89. The company has a market cap of $382.07 billion, a P/E ratio of 26.08, a PEG ratio of 3.67 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

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.