The Home Depot, Inc. $HD Shares Acquired by Swiss National Bank

Swiss National Bank raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,008,600 shares of the home improvement retailer’s stock after buying an additional 206,900 shares during the quarter. Home Depot comprises about 0.7% of Swiss National Bank’s investment portfolio, making the stock its 21st biggest position. Swiss National Bank owned about 0.30% of Home Depot worth $1,103,073,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after buying an additional 891,326 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after buying an additional 1,494,261 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Home Depot by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,949,404 shares of the home improvement retailer’s stock valued at $3,279,867,000 after buying an additional 477,192 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.6%

NYSE:HD opened at $332.50 on Friday. The business’s 50-day moving average is $386.94 and its two-hundred day moving average is $381.13. The firm has a market capitalization 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month 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.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the previous year, the company earned $3.78 EPS. Home Depot’s quarterly 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. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Evercore ISI decreased their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wolfe Research assumed coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. HSBC lowered their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their target price on Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, DA Davidson set a $430.00 price target on Home Depot in a research note on Wednesday. Twenty equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $410.36.

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on 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 approximately $10,254,313.20. This represents a 8.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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.