Howe & Rusling Inc. Has $1.19 Million Stock Holdings in The Home Depot, Inc. $HD

Howe & Rusling Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,235 shares of the home improvement retailer’s stock after buying an additional 169 shares during the period. Howe & Rusling Inc.’s holdings in Home Depot were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Brighton Jones LLC grew its holdings in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. United Bank grew its stake in shares of Home Depot by 14.9% in the 1st quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock worth $1,841,000 after acquiring an additional 653 shares in the last quarter. Dempze Nancy E raised its holdings in shares of Home Depot by 6.3% in the first quarter. Dempze Nancy E now owns 12,641 shares of the home improvement retailer’s stock valued at $4,633,000 after purchasing an additional 746 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Home Depot by 4.2% during the first quarter. Pinnacle Associates Ltd. now owns 155,536 shares of the home improvement retailer’s stock valued at $57,002,000 after purchasing an additional 6,203 shares in the last quarter. Finally, Ninepoint Partners LP bought a new position in shares of Home Depot during the first quarter valued at about $695,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $370.00 target price (down previously from $440.00) on shares of Home Depot in a research report on Friday, November 14th. Wolfe Research began coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday. Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Sanford C. Bernstein cut their price target on shares of Home Depot from $406.00 to $362.00 and set a “market perform” rating on the stock in a report on Wednesday. Twenty analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.36.

Home Depot Stock Down 0.6%

HD opened at $332.50 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market cap of $330.97 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. 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 50 day moving average of $386.94 and a 200 day moving average of $381.13.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 2,303 shares of the business’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 completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.