The Home Depot, Inc. $HD Shares Purchased by Banque Transatlantique SA

Banque Transatlantique SA boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 19.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,544 shares of the home improvement retailer’s stock after buying an additional 29,546 shares during the quarter. Home Depot makes up about 1.9% of Banque Transatlantique SA’s holdings, making the stock its 14th largest position. Banque Transatlantique SA’s holdings in Home Depot were worth $67,231,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the second quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new position in Home Depot in the second quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot during the second quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $35,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Home Depot in the 2nd quarter valued at $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD opened at $359.52 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock has a market cap of $357.90 billion, a P/E ratio of 24.51, a P/E/G ratio of 13.32 and a beta of 1.06. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The stock’s 50 day simple moving average is $368.34 and its 200 day simple moving average is $379.23.

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

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Daiwa Capital Markets cut their price target on shares of Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Stifel Nicolaus dropped their price objective on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. HSBC reduced their target price on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Truist Financial decreased their target price on Home Depot from $379.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, DA Davidson cut their price target on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

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.