The Home Depot, Inc. $HD Position Increased by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 11.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,537 shares of the home improvement retailer’s stock after purchasing an additional 350 shares during the period. First Fiduciary Investment Counsel Inc.’s holdings in Home Depot were worth $1,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mainstay Capital Management LLC ADV acquired a new stake in Home Depot in the 2nd quarter valued at about $263,000. Tower View Wealth Management LLC raised its holdings in Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after buying an additional 671 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Home Depot in the 1st quarter valued at about $3,851,000. Shell Asset Management Co. increased its holdings in shares of Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after purchasing an additional 15,002 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Home Depot in the 1st quarter valued at approximately $406,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. 0.10% of the stock is owned by insiders.

Home Depot Trading Down 0.5%

Shares of Home Depot stock opened at $375.86 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a 50-day moving average of $403.54 and a 200-day moving average of $377.09. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market cap of $374.13 billion, a PE ratio of 25.53, a PEG ratio of 3.58 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the company 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, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HD. Robert W. Baird boosted their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Morgan Stanley upped their target price on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Wells Fargo & Company upped their price objective on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, Wolfe Research started coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $435.42.

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.