The Home Depot, Inc. $HD Shares Bought by Telos Capital Management Inc.

Telos Capital Management Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 3.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 59,446 shares of the home improvement retailer’s stock after acquiring an additional 1,837 shares during the period. Home Depot makes up about 2.3% of Telos Capital Management Inc.’s holdings, making the stock its 6th largest position. Telos Capital Management Inc.’s holdings in Home Depot were worth $24,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Brighton Jones LLC boosted its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares in the last quarter. Grimes & Company Inc. boosted its holdings in Home Depot by 13.3% during the 2nd quarter. Grimes & Company Inc. now owns 7,453 shares of the home improvement retailer’s stock worth $2,733,000 after acquiring an additional 872 shares during the last quarter. Drake & Associates LLC grew its stake in shares of Home Depot by 38.9% in the 2nd quarter. Drake & Associates LLC now owns 1,821 shares of the home improvement retailer’s stock worth $668,000 after acquiring an additional 510 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in shares of Home Depot by 31.9% in the second quarter. SteelPeak Wealth LLC now owns 28,065 shares of the home improvement retailer’s stock valued at $10,290,000 after purchasing an additional 6,785 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HD shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Stifel Nicolaus dropped their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. DA Davidson lowered their price target on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Truist Financial set a $405.00 price objective on Home Depot in a report on Friday, January 16th. Finally, Zacks Research lowered Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.50.

Home Depot Trading Up 0.8%

Shares of HD opened at $380.97 on Wednesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The stock has a market cap of $379.26 billion, a PE ratio of 25.97, a P/E/G ratio of 13.50 and a beta of 1.08. 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 business’s 50-day moving average price is $361.11 and its 200-day moving average price is $379.28.

Home Depot (NYSE:HD) last issued 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 net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm posted $3.78 EPS. Home Depot’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 forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was 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 in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,963 shares of company stock worth $1,748,845. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

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.