Fayez Sarofim & Co Has $250.88 Million Position in The Home Depot, Inc. $HD

Fayez Sarofim & Co lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 684,271 shares of the home improvement retailer’s stock after acquiring an additional 26,473 shares during the period. Fayez Sarofim & Co owned approximately 0.07% of Home Depot worth $250,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Legend Financial Advisors Inc. acquired a new position in Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at $35,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the 2nd quarter valued at $40,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.4%

HD stock opened at $349.54 on Tuesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $436.36. 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 stock’s 50 day moving average is $371.92 and its 200-day moving average is $379.73. The firm has a market capitalization of $347.97 billion, a PE ratio of 23.83, a P/E/G ratio of 6.25 and a beta of 1.06.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $2.30 dividend. 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 dividend payout ratio is currently 62.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HD shares. DA Davidson set a $430.00 price target on shares of Home Depot in a report on Wednesday, November 19th. Morgan Stanley reduced their target price on Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Citigroup decreased their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Gordon Haskett cut their price target on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a research note on Monday, November 24th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.50.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.