Wellington Capital Management Inc. Makes New Investment in The Home Depot, Inc. $HD

Wellington Capital Management Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,794 shares of the home improvement retailer’s stock, valued at approximately $1,758,000. Home Depot makes up about 2.5% of Wellington Capital Management Inc.’s portfolio, making the stock its 9th biggest position.

Several other large investors have also recently made changes to their positions in HD. Mainstay Capital Management LLC ADV purchased a new stake in shares of Home Depot during the 2nd quarter valued at approximately $263,000. WealthPlan Investment Management LLC acquired a new stake in Home Depot during the second quarter worth $1,149,000. Tower View Wealth Management LLC increased its stake in Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after acquiring an additional 671 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Home Depot in the first quarter valued at $3,851,000. Finally, Shell Asset Management Co. lifted its stake in shares of Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after purchasing an additional 15,002 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.6%

NYSE HD opened at $359.52 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 firm has a market cap of $357.90 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 13.40 and a beta of 1.06. The firm has a 50 day simple moving average of $368.34 and a 200-day simple moving average of $379.29. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the previous year, the company earned $3.78 earnings per share. Home Depot’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Gordon Haskett cut their price objective on Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 8th. Zacks Research downgraded shares of Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Royal Bank Of Canada lowered their price objective on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, Truist Financial dropped their target price on shares of Home Depot from $379.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $401.17.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Home Depot Profile

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.