Busey Bank Has $6.01 Million Stock Holdings in The Home Depot, Inc. $HD

Busey Bank lessened its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,388 shares of the home improvement retailer's stock after selling 762 shares during the quarter. Busey Bank's holdings in Home Depot were worth $6,008,000 as of its most recent filing with the SEC.

• Beyond DIY: Home Depot's Conquest of the Professional Market

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Abound Financial LLC acquired a new position in shares of Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC increased its holdings in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. Compass Financial Services Inc acquired a new position in shares of Home Depot during the 1st quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD opened at $415.77 on Friday. The stock has a market cap of $413.85 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock has a fifty day moving average of $394.94 and a 200-day moving average of $373.39.

• Retail Roundup: Key Winners and Losers After Q2 Earnings

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm earned $4.60 EPS. The company's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's dividend payout ratio is 62.50%.

Insiders Place Their Bets

• Home Depot Holds Gains After Narrow Q2 Misses

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on Home Depot in a research report on Thursday. They set an "outperform" rating and a $497.00 target price for the company. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $435.00.

Check Out Our Latest Stock Analysis on HD

About Home Depot

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.

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