Wesbanco Bank Inc. Boosts Stock Holdings in The Home Depot, Inc. $HD

Wesbanco Bank Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,520 shares of the home improvement retailer’s stock after acquiring an additional 7,293 shares during the quarter. Wesbanco Bank Inc.’s holdings in Home Depot were worth $21,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Client 1ST Advisory Group LLC boosted its holdings in Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after acquiring an additional 27 shares during the last quarter. Invst LLC boosted its holdings in Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer’s stock worth $2,621,000 after acquiring an additional 28 shares during the last quarter. Financial Insights Inc. raised its stake in shares of Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer’s stock worth $323,000 after purchasing an additional 28 shares during the period. Wayfinding Financial LLC raised its stake in shares of Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock worth $862,000 after purchasing an additional 28 shares during the period. Finally, Pure Portfolios Holdings LLC raised its stake in shares of Home Depot by 4.7% during the 1st 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 period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.0%

Shares of Home Depot stock opened at $423.33 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock’s 50-day simple moving average is $390.03 and its 200 day simple moving average is $372.34. The stock has a market capitalization of $421.38 billion, a P/E 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 quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) 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 firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the firm posted $4.60 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HD shares. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho lifted their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Guggenheim reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $432.52.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by corporate insiders.

Home Depot 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.