Machina Capital S.A.S. Purchases New Holdings in The Home Depot, Inc. $HD

Machina Capital S.A.S. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,128 shares of the home improvement retailer’s stock, valued at approximately $2,613,000.

Several other large investors have also recently bought and sold shares of the stock. Compton Financial Group LLC lifted its position in shares of Home Depot by 26.1% in the second quarter. Compton Financial Group LLC now owns 1,214 shares of the home improvement retailer’s stock valued at $445,000 after buying an additional 251 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of Home Depot by 11.7% in the second quarter. Westside Investment Management Inc. now owns 1,431 shares of the home improvement retailer’s stock valued at $526,000 after buying an additional 150 shares during the last quarter. Garrison Bradford & Associates Inc. lifted its position in shares of Home Depot by 50.0% in the second quarter. Garrison Bradford & Associates Inc. now owns 225 shares of the home improvement retailer’s stock valued at $82,000 after buying an additional 75 shares during the last quarter. Texas Bank & Trust Co lifted its position in shares of Home Depot by 0.8% in the second quarter. Texas Bank & Trust Co now owns 10,493 shares of the home improvement retailer’s stock valued at $3,847,000 after buying an additional 82 shares during the last quarter. Finally, Snider Financial Group lifted its position in shares of Home Depot by 23.6% in the second quarter. Snider Financial Group now owns 1,666 shares of the home improvement retailer’s stock valued at $611,000 after buying an additional 318 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Home Depot stock opened at $379.75 on Monday. The stock’s fifty day moving average price is $400.57 and its two-hundred day moving average price is $380.88. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market cap of $378.00 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the business earned $4.60 EPS. Home Depot’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders 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 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HD. JPMorgan Chase & Co. cut their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Oppenheimer increased their target price on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $434.35.

About Home Depot

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.