Benin Management CORP Raises Stock Holdings in The Home Depot, Inc. $HD

Benin Management CORP boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,661 shares of the home improvement retailer’s stock after buying an additional 32 shares during the quarter. Benin Management CORP’s holdings in Home Depot were worth $609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. Phillips Financial Management LLC grew its stake in shares of Home Depot by 13.5% during the 2nd quarter. Phillips Financial Management LLC now owns 1,437 shares of the home improvement retailer’s stock valued at $527,000 after acquiring an additional 171 shares during the period. OMC Financial Services LTD boosted its stake in Home Depot by 4.9% in the 2nd quarter. OMC Financial Services LTD now owns 6,415 shares of the home improvement retailer’s stock worth $2,352,000 after purchasing an additional 298 shares during the period. Jacobsen Capital Management boosted its stake in Home Depot by 15.2% in the 2nd quarter. Jacobsen Capital Management now owns 2,706 shares of the home improvement retailer’s stock worth $992,000 after purchasing an additional 357 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $494,000. Finally, Retirement Planning Group LLC boosted its position in shares of Home Depot by 9.5% during the 2nd quarter. Retirement Planning Group LLC now owns 5,089 shares of the home improvement retailer’s stock valued at $1,866,000 after acquiring an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HD shares. Mizuho increased their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company lifted their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $435.42.

Home Depot Stock Up 0.5%

Home Depot stock opened at $390.99 on Wednesday. The stock has a market capitalization of $389.19 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.69 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The business has a 50 day simple moving average of $403.62 and a 200-day simple moving average of $378.45. 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 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 return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last quarter. Insiders own 0.10% of the company’s stock.

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.