OLD Second National Bank of Aurora Lowers Stock Position in The Home Depot, Inc. $HD

OLD Second National Bank of Aurora trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,989 shares of the home improvement retailer’s stock after selling 376 shares during the period. OLD Second National Bank of Aurora’s holdings in Home Depot were worth $2,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Legend Financial Advisors Inc. acquired a new stake in Home Depot in the second quarter valued at $28,000. Abound Financial LLC purchased a new position in shares of Home Depot in the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC increased its holdings in shares of 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 valued at $36,000 after purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the second quarter valued at about $40,000. Finally, Compass Financial Services Inc purchased a new stake in Home Depot during the first quarter worth about $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Home Depot stock opened at $394.56 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market capitalization of $392.74 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 3.76 and a beta of 1.00. The stock has a fifty day moving average of $402.24 and a two-hundred day moving average of $375.89. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for 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 was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot’s payout ratio is 62.50%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HD shares. Mizuho increased their target price on shares of Home Depot from $435.00 to $450.00 and gave the company 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 for the company in a research note on Wednesday, August 20th. Wolfe Research began coverage on Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, Morgan Stanley lifted their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $436.40.

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.