The Home Depot, Inc. $HD Shares Purchased by Midwest Trust Co

Midwest Trust Co boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,569 shares of the home improvement retailer’s stock after acquiring an additional 23,218 shares during the quarter. Home Depot comprises about 0.9% of Midwest Trust Co’s investment portfolio, making the stock its 26th biggest holding. Midwest Trust Co’s holdings in Home Depot were worth $69,518,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. WealthPlan Investment Management LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $1,149,000. Boston Trust Walden Corp grew its holdings in Home Depot by 0.3% during the second quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock valued at $15,537,000 after purchasing an additional 127 shares during the last quarter. Silphium Asset Management Ltd raised its position in shares of Home Depot by 77.2% in the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after purchasing an additional 5,900 shares during the period. West Family Investments Inc. lifted its stake in shares of Home Depot by 65.6% in the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock worth $1,331,000 after buying an additional 1,438 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Home Depot by 0.3% in the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after buying an additional 3,608 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Argus dropped their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Truist Financial set a $405.00 price objective on Home Depot in a research report on Friday, January 16th. KGI Securities downgraded Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a research note on Wednesday, November 19th. Citigroup lowered their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Finally, Wells Fargo & Company cut their price target on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $404.47.

Insider Activity at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of Home Depot 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 completion of the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated 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 directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 1.1%

Shares of HD stock opened at $380.99 on Tuesday. The firm has a fifty day moving average of $363.28 and a 200-day moving average of $379.63. The stock has a market cap of $379.28 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 13.75 and a beta of 1.08. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

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

Home Depot Announces Dividend

The business also recently announced 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. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, December 4th. 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.