Reliant Investment Management LLC Acquires 140 Shares of The Home Depot, Inc. $HD

Reliant Investment Management LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,313 shares of the home improvement retailer’s stock after buying an additional 140 shares during the period. Home Depot makes up about 3.1% of Reliant Investment Management LLC’s holdings, making the stock its 14th largest holding. Reliant Investment Management LLC’s holdings in Home Depot were worth $7,081,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV lifted its stake in Home Depot by 99,400.7% during 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 last quarter. Nuveen LLC purchased a new position in shares of Home Depot in the first quarter worth about $2,076,592,000. Valeo Financial Advisors LLC increased its holdings in Home Depot by 16,746.9% during the 2nd 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 purchasing an additional 4,510,944 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Home Depot during the 2nd quarter valued at about $418,486,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $388.56 on Thursday. 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 business’s 50 day moving average price is $403.24 and its 200-day moving average price is $378.52. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market cap of $386.76 billion, a P/E ratio of 26.40, a P/E/G ratio of 3.71 and a beta of 1.00.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio is 62.50%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. reduced 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. Truist Financial lifted their price objective on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Finally, Robert W. Baird lifted their price objective 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 research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’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 value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% 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 worth $19,623,432 in the last three months. Corporate insiders own 0.10% of the company’s stock.

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.