Kidder Stephen W Purchases 364 Shares of The Home Depot, Inc. $HD

Kidder Stephen W increased its position in The Home Depot, Inc. (NYSE:HD) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,590 shares of the home improvement retailer’s stock after acquiring an additional 364 shares during the quarter. Home Depot comprises about 3.0% of Kidder Stephen W’s holdings, making the stock its 13th biggest holding. Kidder Stephen W’s holdings in Home Depot were worth $10,116,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HD. Vanguard Group Inc. lifted its position in Home Depot by 0.8% during the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer’s stock valued at $35,360,494,000 after purchasing an additional 720,447 shares during the last quarter. Asset Planning Services Inc. LA ADV lifted its position in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after purchasing an additional 18,956,701 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock valued at $5,282,398,000 after purchasing an additional 891,326 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Home Depot by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,949,404 shares of the home improvement retailer’s stock valued at $3,279,867,000 after purchasing an additional 477,192 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.6%

Shares of NYSE HD opened at $386.84 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The firm’s fifty day moving average is $403.07 and its 200 day moving average is $376.85. The company has a market cap of $385.06 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.69 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the previous year, the firm earned $4.60 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HD shares. Oppenheimer lifted their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Wells Fargo & Company lifted their target price on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Stifel Nicolaus lifted their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $436.40.

Insider Buying and Selling

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

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.