Joel Isaacson & Co. LLC Purchases 3,061 Shares of The Home Depot, Inc. $HD

Joel Isaacson & Co. LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 23.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,343 shares of the home improvement retailer’s stock after acquiring an additional 3,061 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Home Depot were worth $6,622,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HD. Centerpoint Advisory Group lifted its stake in Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after purchasing an additional 26 shares during the last quarter. Disciplined Investors L.L.C. increased its holdings in shares of Home Depot by 2.3% in the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after buying an additional 26 shares during the period. Brio Consultants LLC lifted its stake in shares of Home Depot by 4.7% in the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after acquiring an additional 26 shares during the last quarter. Emprise Bank boosted its holdings in Home Depot by 0.8% during the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after acquiring an additional 26 shares during the period. Finally, Stegent Equity Advisors Inc. grew its position in Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after acquiring an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 in the last quarter. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on HD. DA Davidson lowered their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Daiwa Capital Markets boosted their price objective on shares of Home Depot from $348.00 to $360.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. Royal Bank Of Canada dropped their target price 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. UBS Group set a $430.00 price target on Home Depot in a report on Wednesday, December 10th. Finally, Morgan Stanley increased their price objective on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Twenty-two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $404.50.

Home Depot Stock Performance

Shares of HD stock opened at $375.14 on Wednesday. The company’s fifty day moving average price is $355.05 and its 200-day moving average price is $378.27. The stock has a market cap of $373.46 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 14.16 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the firm earned $3.78 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

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.