Orion Porfolio Solutions LLC Purchases 1,516 Shares of The Home Depot, Inc. $HD

Orion Porfolio Solutions LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 83,063 shares of the home improvement retailer’s stock after buying an additional 1,516 shares during the period. Orion Porfolio Solutions LLC’s holdings in Home Depot were worth $30,454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HD. Vanguard Group Inc. grew its holdings in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after acquiring an additional 1,494,615 shares during the last quarter. State Street Corp raised its stake in shares of Home Depot by 0.7% during the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after acquiring an additional 300,352 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Home Depot by 1.4% during the second quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after purchasing an additional 153,582 shares during the last quarter. Finally, Norges Bank acquired a new stake in Home Depot in the second quarter valued at $4,885,603,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Telsey Advisory Group reduced their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Argus decreased their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a report on Thursday, November 20th. 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. Bank of America cut their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, Morgan Stanley reiterated an “outperform” rating on shares of Home Depot in a report on Wednesday. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $401.17.

Home Depot Stock Up 0.6%

HD stock opened at $359.52 on Monday. The stock’s 50 day simple moving average is $368.34 and its 200 day simple moving average is $379.38. The company has a market cap of $357.90 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Home Depot Company 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.