WINTON GROUP Ltd Invests $2.84 Million in The Home Depot, Inc. $HD

WINTON GROUP Ltd acquired a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,752 shares of the home improvement retailer’s stock, valued at approximately $2,842,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Home Depot during the second quarter valued at approximately $4,885,603,000. Laurel Wealth Advisors LLC raised its stake in Home Depot by 36,207.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after acquiring an additional 10,049,029 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after acquiring an additional 4,510,944 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. Bank of America decreased their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. TD Cowen decreased their price objective on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. DZ Bank reissued a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Finally, DA Davidson set a $430.00 price target on Home Depot in a research note on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $403.50.

Home Depot Trading Down 1.4%

Home Depot stock opened at $349.54 on Tuesday. The firm has a market cap of $347.97 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 6.25 and a beta of 1.06. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $436.36. The firm’s 50 day moving average price is $371.92 and its two-hundred day moving average price is $379.73. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

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 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 business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.