The Home Depot, Inc. $HD Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 70.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 42,702 shares of the home improvement retailer’s stock after buying an additional 17,624 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Home Depot were worth $15,656,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $28,000. Sagard Holdings Management Inc. purchased a new position in Home Depot during the second quarter worth approximately $29,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot during the second quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $35,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.6%

NYSE HD opened at $359.52 on Friday. The business’s fifty day simple moving average is $368.34 and its 200-day simple moving average is $379.29. 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 firm has a market cap of $357.90 billion, a PE ratio of 24.51, a P/E/G ratio of 13.40 and a beta of 1.06. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same quarter in the previous year, the business posted $3.78 earnings per share. Home Depot’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s dividend payout ratio is currently 62.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 8th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley reiterated an “outperform” rating on shares of Home Depot in a research report on Wednesday. Argus reduced their price target on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Citigroup decreased their price target on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $401.17.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.