Trust Co. of Oklahoma Has $2.81 Million Position in The Home Depot, Inc. $HD

Trust Co. of Oklahoma raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% in the second quarter, Holdings Channel reports. The fund owned 7,676 shares of the home improvement retailer’s stock after acquiring an additional 83 shares during the period. Home Depot comprises approximately 0.9% of Trust Co. of Oklahoma’s holdings, making the stock its 28th biggest position. Trust Co. of Oklahoma’s holdings in Home Depot were worth $2,814,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HD. Abound Financial LLC acquired a new position in Home Depot in the first quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its stake in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Compass Financial Services Inc bought a new position in Home Depot in the 1st quarter worth approximately $41,000. Quest 10 Wealth Builders Inc. raised its position in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after acquiring an additional 30 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new position in Home Depot in the fourth quarter valued at about $45,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $423.33 on Friday. The firm’s 50 day simple moving average is $390.03 and its 200 day simple moving average is $372.34. 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 $421.38 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 4.01 and a beta of 1.00. 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 issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts forecast 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 will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot’s payout ratio is currently 62.50%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,532 shares of company stock valued at $18,648,987. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HD shares. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. TD Securities cut shares of Home Depot to a “buy” rating in a research report on Monday, June 2nd. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $432.52.

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.