3,444 Shares in The Home Depot, Inc. $HD Acquired by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,444 shares of the home improvement retailer’s stock, valued at approximately $1,263,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Warburton Capital Management LLC grew its stake in shares of Home Depot by 13.6% during the 2nd quarter. Warburton Capital Management LLC now owns 900 shares of the home improvement retailer’s stock worth $339,000 after purchasing an additional 108 shares during the period. FSM Wealth Advisors LLC grew its stake in Home Depot by 21.2% in the 2nd quarter. FSM Wealth Advisors LLC now owns 5,135 shares of the home improvement retailer’s stock valued at $1,888,000 after acquiring an additional 899 shares during the period. KPP Advisory Services LLC grew its stake in Home Depot by 4.5% in the 2nd quarter. KPP Advisory Services LLC now owns 7,284 shares of the home improvement retailer’s stock valued at $2,671,000 after acquiring an additional 312 shares during the period. First Citizens Bank & Trust Co. grew its stake in Home Depot by 6.9% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 63,226 shares of the home improvement retailer’s stock valued at $23,181,000 after acquiring an additional 4,085 shares during the period. Finally, Paralel Advisors LLC grew its stake in Home Depot by 11.5% in the 2nd quarter. Paralel Advisors LLC now owns 7,293 shares of the home improvement retailer’s stock valued at $2,674,000 after acquiring an additional 752 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.0%

Shares of NYSE:HD opened at $385.06 on Friday. The business has a 50-day moving average price of $402.93 and a 200 day moving average price of $378.83. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $383.29 billion, a price-to-earnings ratio of 26.16, a PEG 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.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts expect 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. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s payout ratio is currently 62.50%.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Mizuho raised their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

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.