Illinois Municipal Retirement Fund Raises Stake in The Home Depot, Inc. $HD

Illinois Municipal Retirement Fund boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 20.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,951 shares of the home improvement retailer’s stock after buying an additional 13,511 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Home Depot were worth $29,313,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HD. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter valued at $28,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot during the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 2nd quarter worth $35,000. Iron Horse Wealth Management LLC increased its holdings in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Finally, Global X Japan Co. Ltd. bought a new stake in Home Depot in the 2nd quarter valued at about $40,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $370.71 on Monday. The stock’s 50-day simple moving average is $397.28 and its two-hundred day simple moving average is $381.63. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market capitalization of $369.00 billion, a P/E ratio of 25.18, a P/E/G ratio of 3.59 and a beta of 1.00. 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 during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities 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. Stockholders of record on Thursday, September 4th were issued 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 was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Truist Financial cut their price target on Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a report on Friday. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Sanford C. Bernstein raised their target price on Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $434.82.

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.