The Home Depot, Inc. $HD Shares Purchased by Swedbank AB
by Doug Wharley · The Cerbat GemSwedbank AB boosted its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 10.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,081,877 shares of the home improvement retailer’s stock after purchasing an additional 106,722 shares during the period. Swedbank AB’s holdings in Home Depot were worth $396,497,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in HD. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC increased its holdings in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Compass Financial Services Inc acquired a new stake in Home Depot in the 1st quarter valued at approximately $41,000. Quest 10 Wealth Builders Inc. increased its holdings in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 30 shares during the last quarter. Finally, Spurstone Advisory Services LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Insider Activity
In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. Insiders own 0.10% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Truist Financial boosted their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $432.52.
Check Out Our Latest Report on HD
Home Depot Stock Performance
Shares of HD stock opened at $423.37 on Friday. 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 firm has a fifty day moving average price of $388.99 and a 200 day moving average price of $372.26. The company has a market cap of $421.42 billion, a P/E ratio of 28.76, a PEG ratio of 3.92 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.
Home Depot (NYSE:HD – Get Free Report) last issued its earnings results 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). The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s payout ratio is presently 62.50%.
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.
Recommended Stories
- Five stocks we like better than Home Depot
- What is Short Interest? How to Use It
- High-Flyers Near Resistance: 3 Stocks to Watch for a Dip
- What Are the FAANG Stocks and Are They Good Investments?
- Seagate Technology Leads S&P 500: What’s Behind Its 120% Gain?
- Stock Analyst Ratings and Canadian Analyst Ratings
- Vanguard’s VUG ETF: The Ultimate Growth ETF for Your Portfolio
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).