Uptick Partners LLC Raises Stock Holdings in The Home Depot, Inc. $HD

Uptick Partners LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 27.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,049 shares of the home improvement retailer’s stock after buying an additional 227 shares during the quarter. Uptick Partners LLC’s holdings in Home Depot were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Nexus Investment Management ULC acquired a new position in shares of Home Depot in the second quarter valued at approximately $40,000. Prairie Sky Financial Group LLC increased its holdings in shares of Home Depot by 18.9% in the second quarter. Prairie Sky Financial Group LLC now owns 1,902 shares of the home improvement retailer’s stock valued at $697,000 after purchasing an additional 303 shares during the period. Smart Portfolios LLC increased its holdings in shares of Home Depot by 2.0% in the second quarter. Smart Portfolios LLC now owns 2,162 shares of the home improvement retailer’s stock valued at $793,000 after purchasing an additional 43 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of Home Depot by 4.5% in the second quarter. Rosenberg Matthew Hamilton now owns 1,726 shares of the home improvement retailer’s stock valued at $633,000 after purchasing an additional 74 shares during the period. Finally, Mutual Advisors LLC increased its holdings in shares of Home Depot by 5.5% in the second quarter. Mutual Advisors LLC now owns 26,242 shares of the home improvement retailer’s stock valued at $9,850,000 after purchasing an additional 1,370 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.2%

Home Depot stock opened at $388.49 on Thursday. 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 firm has a market capitalization of $386.70 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock’s fifty day moving average is $403.59 and its two-hundred day moving average is $377.59.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. 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. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Oppenheimer boosted their target price on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Robert W. Baird upped their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Stifel Nicolaus upped their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. 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 company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $435.42.

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.