The Home Depot, Inc. $HD Shares Acquired by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,297 shares of the home improvement retailer’s stock after purchasing an additional 1,639 shares during the quarter. Home Depot accounts for about 1.2% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 25th biggest position. Hudson Edge Investment Partners Inc.’s holdings in Home Depot were worth $7,414,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC grew its position in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 173 shares during the period. CX Institutional increased its holdings in Home Depot by 8.8% in the second quarter. CX Institutional now owns 23,869 shares of the home improvement retailer’s stock valued at $8,751,000 after buying an additional 1,923 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in Home Depot by 7.2% in the second quarter. Dogwood Wealth Management LLC now owns 2,324 shares of the home improvement retailer’s stock valued at $854,000 after buying an additional 157 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at approximately $660,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Home Depot stock opened at $384.80 on Thursday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The stock has a market capitalization of $383.07 billion, a P/E ratio of 26.23, a P/E/G ratio of 13.98 and a beta of 1.08. The firm’s 50-day moving average is $355.33 and its two-hundred day moving average is $378.32. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio is 62.71%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HD shares. Truist Financial set a $405.00 price objective on Home Depot in a research note on Friday, January 16th. DZ Bank restated a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Oppenheimer decreased their price objective on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research report on Friday, December 5th. HSBC lowered their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $404.50.

About Home Depot

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.