Cerity Partners LLC Buys 29,233 Shares of The Home Depot, Inc. $HD

Cerity Partners LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 755,550 shares of the home improvement retailer’s stock after acquiring an additional 29,233 shares during the period. Cerity Partners LLC’s holdings in Home Depot were worth $277,024,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV purchased a new stake in shares of Home Depot during the second quarter valued at approximately $263,000. WealthPlan Investment Management LLC purchased a new position in shares of Home Depot in the second quarter worth $1,149,000. Tower View Wealth Management LLC raised its holdings in Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after buying an additional 671 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Home Depot during the 1st quarter valued at $3,851,000. Finally, Shell Asset Management Co. grew its holdings in Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after acquiring an additional 15,002 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

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 shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group lowered their price objective on shares of Home Depot from $474.00 to $438.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Truist Financial set a $379.00 price target on Home Depot in a research report on Tuesday, November 18th. Daiwa Capital Markets cut their price objective on Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Finally, Royal Bank Of Canada decreased their target price on Home Depot from $401.00 to $376.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $403.50.

Home Depot Trading Up 1.0%

NYSE HD opened at $354.65 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $436.36. The firm has a market capitalization of $353.05 billion, a PE ratio of 24.17, a P/E/G ratio of 6.25 and a beta of 1.06. The stock’s 50 day moving average is $373.06 and its 200 day moving average is $379.79.

Home Depot (NYSE:HD) last posted 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). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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 given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is 62.71%.

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.