Stenger Family Office LLC Invests $4.85 Million in The Home Depot, Inc. $HD

Stenger Family Office LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,030 shares of the home improvement retailer’s stock, valued at approximately $4,848,000. Home Depot makes up about 1.1% of Stenger Family Office LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors also recently made changes to their positions in HD. Norges Bank bought a new stake in Home Depot in the second quarter worth $4,885,603,000. Laurel Wealth Advisors LLC increased its holdings in shares of Home Depot by 36,207.5% in the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after buying an additional 10,049,029 shares during the period. Nuveen LLC bought a new stake in shares of Home Depot in the 1st quarter valued at about $2,076,592,000. Valeo Financial Advisors LLC boosted its holdings 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 during the period. Finally, Vanguard Group Inc. grew its position in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after acquiring an additional 1,494,615 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $354.65 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $436.36. The firm has a market capitalization of $353.05 billion, a P/E ratio of 24.17, a P/E/G ratio of 6.19 and a beta of 1.06. 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 business has a fifty day simple moving average of $373.06 and a two-hundred day simple moving average of $379.77.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the business earned $3.78 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. 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 fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s payout ratio is presently 62.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HD shares. Daiwa Capital Markets dropped their price objective on Home Depot from $399.00 to $348.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Sanford C. Bernstein restated a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a research report on Monday, November 24th. Truist Financial set a $379.00 target price on shares of Home Depot in a report on Tuesday, November 18th. TD Cowen cut their price objective on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, Gordon Haskett cut their price target on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.50.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.