Vanguard Personalized Indexing Management LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Vanguard Personalized Indexing Management LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,038 shares of the home improvement retailer’s stock after purchasing an additional 7,623 shares during the period. Home Depot makes up approximately 0.6% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 20th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Home Depot were worth $58,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Home Depot by 0.7% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 255,387 shares of the home improvement retailer’s stock worth $103,542,000 after acquiring an additional 1,713 shares during the period. Callahan Advisors LLC boosted its position in shares of Home Depot by 0.4% in the 3rd quarter. Callahan Advisors LLC now owns 8,468 shares of the home improvement retailer’s stock worth $3,431,000 after buying an additional 31 shares in the last quarter. Instrumental Wealth LLC lifted its stake in Home Depot by 9.2% in the 3rd quarter. Instrumental Wealth LLC now owns 664 shares of the home improvement retailer’s stock valued at $252,000 after buying an additional 56 shares in the last quarter. Monte Financial Group LLC boosted its stake in shares of Home Depot by 1.1% during the third quarter. Monte Financial Group LLC now owns 19,171 shares of the home improvement retailer’s stock valued at $7,768,000 after acquiring an additional 209 shares during the last quarter. Finally, Copia Wealth Management raised its position in shares of Home Depot by 69.4% in the third quarter. Copia Wealth Management now owns 205 shares of the home improvement retailer’s stock valued at $83,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction on Friday, December 12th. The shares were 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 of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction 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 sale, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HD. Oppenheimer decreased their price objective 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. The Goldman Sachs Group reissued a “buy” rating and set a $413.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Wells Fargo & Company cut their target price on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Evercore ISI lowered their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $404.50.

Home Depot Stock Performance

Shares of NYSE:HD opened at $383.63 on Monday. The business’s 50-day simple moving average is $356.03 and its 200 day simple moving average is $378.58. The company has a market cap of $381.91 billion, a P/E ratio of 26.15, a PEG ratio of 14.30 and a beta of 1.08. 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 one year low of $326.31 and a one year high of $426.75.

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). 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 during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the previous year, the company earned $3.78 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid 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 presently 62.71%.

Home Depot 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.