National Pension Service Acquires 58,887 Shares of The Home Depot, Inc. $HD

National Pension Service grew its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,066,276 shares of the home improvement retailer’s stock after purchasing an additional 58,887 shares during the quarter. Home Depot makes up 0.7% of National Pension Service’s portfolio, making the stock its 24th biggest position. National Pension Service owned 0.21% of Home Depot worth $837,234,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot during the 2nd quarter worth $29,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot in the second quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the second quarter worth about $35,000. Dougherty Wealth Advisers LLC purchased a new stake in shares of Home Depot during the third quarter valued at about $38,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Home Depot during the third quarter valued at about $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $424.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Citigroup reduced their price target on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research report on Wednesday, November 19th. Finally, BNP Paribas Exane boosted their target price on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $404.50.

Home Depot Trading Up 0.7%

Home Depot stock opened at $374.33 on Friday. 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 52 week low of $326.31 and a 52 week high of $426.75. The stock has a 50-day moving average price of $359.69 and a 200 day moving average price of $378.70. The company has a market capitalization of $372.65 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 13.86 and a beta of 1.08.

Home Depot (NYSE:HD) last released its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $41.06 billion. During the same quarter in the previous year, the company earned $3.78 EPS. The firm’s revenue 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. Sell-side 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 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 yield of 2.5%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Activity

In other news, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction that occurred on Friday, December 12th. The shares were 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 $1,409,419.83. The trade was a 33.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

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.