Tribridge Partners Financial LLC Buys Shares of 1,551 The Home Depot, Inc. $HD

Tribridge Partners Financial LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,551 shares of the home improvement retailer’s stock, valued at approximately $569,000. Home Depot makes up about 0.3% of Tribridge Partners Financial LLC’s investment portfolio, making the stock its 26th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mainstay Capital Management LLC ADV acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $263,000. WealthPlan Investment Management LLC purchased a new position in Home Depot during the second quarter worth $1,149,000. Tower View Wealth Management LLC raised its holdings in shares of Home Depot by 4.3% in 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 shares of Home Depot in the first quarter valued at $3,851,000. Finally, Shell Asset Management Co. lifted its position in shares of Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after acquiring an additional 15,002 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. JPMorgan Chase & Co. dropped their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Robert W. Baird dropped their target price on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. BNP Paribas Exane raised their price target on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $424.00 price target on shares of Home Depot in a report on Wednesday. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $401.17.

Insider Transactions at Home Depot

In other Home Depot news, 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 value of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Home Depot Trading Up 0.6%

Shares of HD stock opened at $359.52 on Monday. 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 Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The firm’s 50 day moving average price is $368.34 and its two-hundred day moving average price is $379.38. The stock has a market cap of $357.90 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the business posted $3.78 EPS. The business’s 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. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

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.