SGL Investment Advisors Inc. Buys 147 Shares of The Home Depot, Inc. $HD

SGL Investment Advisors Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,246 shares of the home improvement retailer’s stock after buying an additional 147 shares during the period. Home Depot comprises approximately 2.8% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 6th biggest position. SGL Investment Advisors Inc.’s holdings in Home Depot were worth $5,970,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Client 1ST Advisory Group LLC raised its position in Home Depot by 1.5% in the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after purchasing an additional 27 shares during the period. Financial Insights Inc. lifted its position in Home Depot by 3.3% in the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer’s stock valued at $323,000 after purchasing an additional 28 shares during the last quarter. Wayfinding Financial LLC boosted its stake in shares of Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock valued at $862,000 after purchasing an additional 28 shares during the period. Pure Portfolios Holdings LLC grew its holdings in shares of Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank grew its holdings in shares of Home Depot by 0.3% in the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer’s stock worth $3,306,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $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. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 1.4%

NYSE:HD opened at $389.56 on Tuesday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a market capitalization of $387.76 billion, a PE ratio of 26.46, a P/E/G ratio of 3.75 and a beta of 1.00. The firm’s 50-day moving average price is $402.88 and its 200-day moving average price is $376.78. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Wolfe Research began coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Stifel Nicolaus raised their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Oppenheimer boosted their price target on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Wells Fargo & Company lifted their price objective on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. 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.com, the company has an average rating of “Moderate Buy” and an average target price of $436.40.

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.