Elo Mutual Pension Insurance Co Has $42.38 Million Position in The Home Depot, Inc. $HD

Elo Mutual Pension Insurance Co lifted its stake in The Home Depot, Inc. (NYSE:HD) by 31.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,602 shares of the home improvement retailer’s stock after buying an additional 27,324 shares during the period. Home Depot comprises 0.9% of Elo Mutual Pension Insurance Co’s portfolio, making the stock its 17th biggest holding. Elo Mutual Pension Insurance Co’s holdings in Home Depot were worth $42,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $28,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot in the second quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the second quarter worth $35,000. Global X Japan Co. Ltd. bought a new position in Home Depot in the second quarter worth $40,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Home Depot during the second quarter worth $40,000. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BNP Paribas Exane dropped their price objective on shares of Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a research note on Wednesday, November 19th. UBS Group lowered their target price on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Guggenheim cut their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Wolfe Research assumed coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. Finally, Citigroup dropped their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday. Twenty-one investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $409.72.

Home Depot Stock Down 1.9%

Shares of HD opened at $336.93 on Tuesday. The company has a market capitalization of $335.37 billion, a P/E ratio of 22.89, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The business’s 50 day simple moving average is $383.62 and its 200-day simple moving average is $381.09. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

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.