Keybank National Association OH Grows Stock Holdings in The Home Depot, Inc. $HD

Keybank National Association OH grew its holdings in The Home Depot, Inc. (NYSE:HD) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 406,113 shares of the home improvement retailer’s stock after acquiring an additional 1,483 shares during the period. Keybank National Association OH’s holdings in Home Depot were worth $164,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sagard Holdings Management Inc. purchased a new position in Home Depot in the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the second quarter valued at approximately $32,000. Dougherty Wealth Advisers LLC acquired a new position in shares of Home Depot during the third quarter worth $38,000. Marquette Asset Management LLC purchased a new position in shares of Home Depot in the third quarter valued at $38,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the second quarter valued at $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Stifel Nicolaus dropped their target price on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Guggenheim cut their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Telsey Advisory Group reduced their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Finally, Bank of America lowered their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $404.50.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 over the last 90 days. 0.10% of the stock is owned by company insiders.

Home Depot Stock Up 0.7%

NYSE:HD opened at $374.33 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The company has a market capitalization of $372.65 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 13.86 and a beta of 1.08. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The stock has a 50-day simple moving average of $359.69 and a 200 day simple moving average of $378.70.

Home Depot (NYSE:HD) last announced 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). The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid 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 2.5%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Home Depot Company 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.