Hohimer Wealth Management LLC Has $4.14 Million Stake in The Home Depot, Inc. $HD

Hohimer Wealth Management LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 414.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,288 shares of the home improvement retailer’s stock after purchasing an additional 9,094 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Home Depot were worth $4,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Brighton Jones LLC raised its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. United Bank boosted its stake in Home Depot by 14.9% during the 1st quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after purchasing an additional 653 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in Home Depot by 29.3% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 719 shares of the home improvement retailer’s stock worth $264,000 after purchasing an additional 163 shares in the last quarter. Roanoke Asset Management Corp NY raised its stake in shares of Home Depot by 1.9% in the first quarter. Roanoke Asset Management Corp NY now owns 26,575 shares of the home improvement retailer’s stock worth $9,740,000 after purchasing an additional 485 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its holdings in shares of Home Depot by 1.2% in the first quarter. Alliance Wealth Advisors LLC UT now owns 10,847 shares of the home improvement retailer’s stock valued at $3,975,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $359.52 on Friday. The firm has a market cap of $357.90 billion, a P/E ratio of 24.51, a PEG ratio of 13.40 and a beta of 1.06. The firm has a 50-day moving average of $368.34 and a 200 day moving average of $379.29. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the firm posted $3.78 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research 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 will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Gordon Haskett decreased their price target on Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Oppenheimer cut their price objective on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a report on Friday, December 5th. HSBC lowered their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Telsey Advisory Group cut their price target on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Robert W. Baird reduced their price objective on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $401.17.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.