Strs Ohio Grows Stock Holdings in The Home Depot, Inc. $HD

Strs Ohio boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.8% during the third quarter, Holdings Channel reports. The firm owned 412,715 shares of the home improvement retailer’s stock after buying an additional 29,739 shares during the quarter. Home Depot comprises approximately 0.6% of Strs Ohio’s holdings, making the stock its 22nd biggest position. Strs Ohio’s holdings in Home Depot were worth $167,228,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlas Legacy Advisors LLC increased its stake in shares of Home Depot by 20.5% during the 3rd quarter. Atlas Legacy Advisors LLC now owns 3,671 shares of the home improvement retailer’s stock worth $1,487,000 after purchasing an additional 624 shares in the last quarter. FWG Holdings LLC increased its position in Home Depot by 2.2% during the 3rd quarter. FWG Holdings LLC now owns 3,245 shares of the home improvement retailer’s stock worth $1,227,000 after purchasing an additional 69 shares in the last quarter. Accredited Investors Inc. grew its holdings in shares of Home Depot by 2.0% during the third quarter. Accredited Investors Inc. now owns 4,858 shares of the home improvement retailer’s stock worth $1,968,000 after buying an additional 97 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its position in shares of Home Depot by 9.8% in the third quarter. Hudson Edge Investment Partners Inc. now owns 18,297 shares of the home improvement retailer’s stock valued at $7,414,000 after buying an additional 1,639 shares during the last quarter. Finally, Sellwood Investment Partners LLC boosted its position in Home Depot by 285.0% during the third quarter. Sellwood Investment Partners LLC now owns 154 shares of the home improvement retailer’s stock worth $62,000 after acquiring an additional 114 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 target price on shares of Home Depot in a research note on Monday, November 24th. Bank of America dropped their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. UBS Group set a $430.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Truist Financial set a $405.00 price objective on Home Depot in a report on Friday, January 16th. Finally, Oppenheimer reduced their target price on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a report on Friday, December 5th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $404.50.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $380.84 on Friday. The firm has a market capitalization of $379.13 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 14.33 and a beta of 1.08. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The stock’s 50 day moving average price is $355.59 and its 200 day moving average price is $378.34. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.