The Home Depot, Inc. $HD Stock Position Lifted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,860 shares of the home improvement retailer’s stock after purchasing an additional 548 shares during the period. Chicago Partners Investment Group LLC’s holdings in Home Depot were worth $4,087,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Asset Planning Services Inc. LA ADV lifted its position in Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Nuveen LLC acquired a new stake in shares of Home Depot in the first quarter valued at $2,076,592,000. Valeo Financial Advisors LLC boosted its stake in Home Depot by 16,746.9% during the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after buying an additional 4,510,944 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after acquiring an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Home Depot in the second quarter worth about $418,486,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 1.1%

NYSE HD opened at $391.79 on Monday. The firm’s 50 day moving average price is $403.70 and its two-hundred day moving average price is $378.12. 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 twelve month low of $326.31 and a twelve month high of $439.37. The stock has a market cap of $389.98 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 3.72 and a beta of 1.00.

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

Home Depot Dividend Announcement

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 $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot’s dividend payout ratio is currently 62.50%.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last ninety days. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Morgan Stanley raised their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company lifted their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

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.