Logan Capital Management Inc. Has $16.31 Million Holdings in The Home Depot, Inc. $HD

Logan Capital Management Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,489 shares of the home improvement retailer’s stock after selling 5,257 shares during the quarter. Home Depot accounts for 0.8% of Logan Capital Management Inc.’s holdings, making the stock its 29th largest position. Logan Capital Management Inc.’s holdings in Home Depot were worth $16,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Client 1ST Advisory Group LLC increased its stake in Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after acquiring an additional 27 shares during the period. Wayfinding Financial LLC grew its holdings in shares of Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock worth $862,000 after purchasing an additional 28 shares in the last quarter. Pure Portfolios Holdings LLC increased its position in shares of Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 28 shares during the period. First Interstate Bank raised its stake in Home Depot by 0.3% in the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer’s stock valued at $3,306,000 after purchasing an additional 28 shares in the last quarter. Finally, Firethorn Wealth Partners LLC lifted its position in Home Depot by 1.5% during the second quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock worth $687,000 after purchasing an additional 28 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.3%

Shares of NYSE:HD opened at $385.44 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 market capitalization of $383.66 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. 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 fifty day moving average of $402.49 and a 200-day moving average of $379.90.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 for 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 company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HD shares. Oppenheimer increased their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Wells Fargo & Company raised their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $434.35.

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.