KCM Investment Advisors LLC Has $50.71 Million Stock Holdings in The Home Depot, Inc. $HD

KCM Investment Advisors LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,308 shares of the home improvement retailer’s stock after buying an additional 832 shares during the period. Home Depot comprises about 1.7% of KCM Investment Advisors LLC’s portfolio, making the stock its 15th biggest holding. KCM Investment Advisors LLC’s holdings in Home Depot were worth $50,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kinsale Capital Group Inc. boosted its stake in Home Depot by 11.7% in the second quarter. Kinsale Capital Group Inc. now owns 27,661 shares of the home improvement retailer’s stock valued at $10,142,000 after buying an additional 2,894 shares in the last quarter. Carnegie Lake Advisors LLC lifted its holdings in shares of Home Depot by 0.4% in the second quarter. Carnegie Lake Advisors LLC now owns 14,733 shares of the home improvement retailer’s stock worth $5,402,000 after acquiring an additional 55 shares during the last quarter. Grey Fox Wealth Advisors LLC lifted its holdings in shares of Home Depot by 3.6% in the second quarter. Grey Fox Wealth Advisors LLC now owns 1,360 shares of the home improvement retailer’s stock worth $499,000 after acquiring an additional 47 shares during the last quarter. Aspect Partners LLC boosted its stake in shares of Home Depot by 12.4% in the 2nd quarter. Aspect Partners LLC now owns 280 shares of the home improvement retailer’s stock valued at $103,000 after purchasing an additional 31 shares in the last quarter. Finally, Nvwm LLC grew its holdings in shares of Home Depot by 5.4% during the 2nd quarter. Nvwm LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $2,922,000 after purchasing an additional 409 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock opened at $370.71 on Friday. The stock has a market cap of $369.00 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company’s fifty day moving average is $397.28 and its 200 day moving average is $381.27. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last announced its earnings results 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 company had revenue of $45.28 billion for 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 for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HD shares. Stifel Nicolaus increased their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.82.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’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 completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction 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 in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

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.