Asset Management One Co. Ltd. Has $216.60 Million Holdings in The Home Depot, Inc. $HD

Asset Management One Co. Ltd. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 534,564 shares of the home improvement retailer’s stock after buying an additional 12,239 shares during the period. Home Depot makes up about 0.6% of Asset Management One Co. Ltd.’s holdings, making the stock its 24th biggest holding. Asset Management One Co. Ltd.’s holdings in Home Depot were worth $216,600,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HD. Norges Bank bought a new stake in Home Depot during the 2nd quarter valued at $4,885,603,000. Laurel Wealth Advisors LLC lifted its stake in shares of Home Depot by 36,207.5% in the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after buying an additional 10,049,029 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Home Depot by 16,746.9% during the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after buying an additional 4,510,944 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Home Depot by 1.5% during the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after acquiring an additional 1,494,615 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Home Depot during the second quarter worth about $418,486,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HD shares. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. JPMorgan Chase & Co. dropped their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $413.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Robert W. Baird decreased their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $402.10.

Home Depot Stock Performance

HD stock opened at $344.20 on Tuesday. 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 $342.65 billion, a PE ratio of 23.46, a P/E/G ratio of 12.88 and a beta of 1.08. The business has a 50 day moving average of $356.34 and a 200-day moving average of $377.84. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Activity at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% 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. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by company insiders.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.