Silphium Asset Management Ltd Increases Position in The Home Depot, Inc. $HD

Silphium Asset Management Ltd raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 77.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,544 shares of the home improvement retailer’s stock after purchasing an additional 5,900 shares during the period. Home Depot accounts for 1.6% of Silphium Asset Management Ltd’s portfolio, making the stock its 16th largest position. Silphium Asset Management Ltd’s holdings in Home Depot were worth $5,488,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sagard Holdings Management Inc. purchased a new position in Home Depot during the second quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot during the second quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $35,000. Dougherty Wealth Advisers LLC purchased a new position in shares of Home Depot in the 3rd quarter worth about $38,000. Finally, Marquette Asset Management LLC bought a new position in Home Depot in the 3rd quarter worth about $38,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

HD stock opened at $378.27 on Tuesday. 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a market cap of $376.57 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 13.96 and a beta of 1.08. The stock’s fifty day moving average price is $360.52 and its 200-day moving average price is $379.13.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.78 EPS. 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 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors 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 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Analyst Ratings Changes

A number of research firms have weighed in on HD. Zacks Research lowered shares of Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. BNP Paribas Exane raised their price target on shares of Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Royal Bank Of Canada lowered their price objective on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. TD Cowen boosted their price target on Home Depot from $410.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Argus lowered their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. 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 stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $404.50.

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.