Werlinich Asset Management LLC Purchases 45 Shares of The Home Depot, Inc. $HD

Werlinich Asset Management LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,864 shares of the home improvement retailer’s stock after buying an additional 45 shares during the period. Werlinich Asset Management LLC’s holdings in Home Depot were worth $683,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HD. Brighton Jones LLC increased its position in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG increased its position in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after buying an additional 565 shares during the period. State of Wyoming increased its position in Home Depot by 29.1% during the 4th quarter. State of Wyoming now owns 666 shares of the home improvement retailer’s stock worth $259,000 after buying an additional 150 shares during the period. Teza Capital Management LLC bought a new position in Home Depot during the 4th quarter worth $851,000. Finally, Two Sigma Advisers LP bought a new position in Home Depot during the 4th quarter worth $24,156,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. decreased their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Robert W. Baird raised their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $432.52.

Home Depot Price Performance

Home Depot stock opened at $421.87 on Wednesday. The stock’s 50 day moving average is $392.22 and its 200 day moving average is $372.74. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market cap of $419.93 billion, a P/E ratio of 28.66, a P/E/G ratio of 4.01 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot’s payout ratio is 62.50%.

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.