Bessemer Group Inc. Has $212.49 Million Holdings in The Home Depot, Inc. $HD

Bessemer Group Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 0.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 579,558 shares of the home improvement retailer’s stock after selling 486 shares during the quarter. Bessemer Group Inc.’s holdings in Home Depot were worth $212,489,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brookwood Investment Group LLC grew its stake in shares of Home Depot by 28.3% in the second quarter. Brookwood Investment Group LLC now owns 4,372 shares of the home improvement retailer’s stock valued at $1,603,000 after acquiring an additional 964 shares in the last quarter. CCLA Investment Management grew its stake in shares of Home Depot by 21.5% in the second quarter. CCLA Investment Management now owns 5,572 shares of the home improvement retailer’s stock valued at $2,042,000 after acquiring an additional 986 shares in the last quarter. Yukon Wealth Management Inc. grew its stake in shares of Home Depot by 3.9% in the second quarter. Yukon Wealth Management Inc. now owns 1,033 shares of the home improvement retailer’s stock valued at $379,000 after acquiring an additional 39 shares in the last quarter. GoalVest Advisory LLC grew its stake in shares of Home Depot by 48.8% in the second quarter. GoalVest Advisory LLC now owns 640 shares of the home improvement retailer’s stock valued at $235,000 after acquiring an additional 210 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in Home Depot by 10.0% during the second quarter. Banco Santander S.A. now owns 143,060 shares of the home improvement retailer’s stock worth $52,452,000 after buying an additional 13,035 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.5%

HD stock opened at $386.83 on Monday. The stock has a market capitalization of $385.04 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 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 firm has a 50-day moving average price of $402.68 and a 200-day moving average price of $379.68.

Home Depot (NYSE:HD) last posted its earnings results 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). The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS 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 issued a $2.30 dividend. 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 62.50%.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HD. Wolfe Research started coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. DA Davidson reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Robert W. Baird upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Oppenheimer upped their price target on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. Finally, Stifel Nicolaus upped their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. One investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.