Rydar Equities Inc. Invests $2.12 Million in The Home Depot, Inc. $HD

Rydar Equities Inc. purchased a new position in The Home Depot, Inc. (NYSE:HD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,771 shares of the home improvement retailer’s stock, valued at approximately $2,116,000. Home Depot comprises about 1.7% of Rydar Equities Inc.’s holdings, making the stock its 18th largest holding.

A number of other large investors have also recently added to or reduced their stakes in HD. Dakota Community Bank & Trust NA increased its position in shares of Home Depot by 7.5% in the 2nd quarter. Dakota Community Bank & Trust NA now owns 415 shares of the home improvement retailer’s stock worth $152,000 after purchasing an additional 29 shares during the last quarter. Caldwell Trust Co acquired a new position in Home Depot in the second quarter worth about $19,420,000. Watts Gwilliam & Co. LLC grew its stake in Home Depot by 3.6% in the second quarter. Watts Gwilliam & Co. LLC now owns 4,124 shares of the home improvement retailer’s stock worth $1,512,000 after purchasing an additional 143 shares in the last quarter. Canal Capital Management LLC increased its holdings in Home Depot by 5.4% in the second quarter. Canal Capital Management LLC now owns 17,464 shares of the home improvement retailer’s stock valued at $6,403,000 after buying an additional 902 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in Home Depot by 8.6% during the second quarter. Valeo Financial Advisors LLC now owns 29,244 shares of the home improvement retailer’s stock valued at $10,722,000 after buying an additional 2,308 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HD shares. Oppenheimer decreased their target price on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Royal Bank Of Canada decreased 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 report on Wednesday, December 10th. Wolfe Research dropped their target price on shares of Home Depot from $423.00 to $414.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $424.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Insider Buying and Selling

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 stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a legal filing with the SEC, which can be accessed through 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 value 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. The trade was a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.7%

Home Depot stock opened at $357.18 on Tuesday. 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 Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a 50-day simple moving average of $367.69 and a 200-day simple moving average of $379.30. The firm has a market capitalization of $355.58 billion, a P/E ratio of 24.35, a P/E/G ratio of 13.40 and a beta of 1.06.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the business earned $3.78 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s 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.