Empowered Funds LLC Acquires 8,052 Shares of The Home Depot, Inc. $HD

Empowered Funds LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,706 shares of the home improvement retailer’s stock after buying an additional 8,052 shares during the period. Empowered Funds LLC’s holdings in Home Depot were worth $27,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock valued at $4,747,000 after purchasing an additional 565 shares in the last quarter. Algert Global LLC lifted its position in shares of Home Depot by 19.1% during the fourth quarter. Algert Global LLC now owns 1,907 shares of the home improvement retailer’s stock valued at $742,000 after purchasing an additional 306 shares in the last quarter. Lionshead Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $909,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $2,549,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Morgan Stanley raised their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wells Fargo & Company raised their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. TD Securities downgraded shares of Home Depot to a “buy” rating in a report on Monday, June 2nd. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Finally, Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Stock Performance

NYSE HD opened at $420.20 on Tuesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a 50-day simple moving average of $386.27 and a 200 day simple moving average of $371.38. 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 company has a market capitalization of $418.26 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00.

Home Depot (NYSE:HD) last posted 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 business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by insiders.

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.