Home Depot (NYSE:HD) Shares Acquired Rep. Kevin Hern

Representative Kevin Hern (R-Oklahoma) recently bought shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on January 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Home Depot stock on December 12th. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Intel NASDAQ: INTC on 12/31/2024.
• Sold $250,001 - $500,000 in shares of Devon Energy NYSE: DVN on 12/31/2024.
• Sold $15,001 - $50,000 in shares of Estée Lauder Companies NYSE: EL on 12/31/2024.
• Sold $100,001 - $250,000 in shares of Johnson & Johnson NYSE: JNJ on 12/31/2024.
• Sold $50,001 - $100,000 in shares of DexCom NASDAQ: DXCM on 12/31/2024.
• Sold $50,001 - $100,000 in shares of AGCO NYSE: AGCO on 12/31/2024.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 12/10/2024.
• Purchased $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 10/29/2024.

Home Depot Stock Up 0.0 %

Shares of NYSE HD traded up $0.09 during midday trading on Friday, hitting $409.42. 3,194,517 shares of the stock traded hands, compared to its average volume of 3,215,818. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business has a 50 day moving average price of $406.44 and a two-hundred day moving average price of $386.94. The company has a market cap of $406.70 billion, a PE ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. The business's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.81 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot's payout ratio is currently 61.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and raised their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Truist Financial increased their price target on Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Evercore ISI lifted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $426.00.

Hedge Funds Weigh In On Home Depot

Several large investors have recently modified their holdings of HD. Cerro Pacific Wealth Advisors LLC boosted its holdings in Home Depot by 2.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,540 shares of the home improvement retailer's stock worth $1,435,000 after buying an additional 77 shares during the period. FCG Investment Co lifted its position in shares of Home Depot by 4.4% during the fourth quarter. FCG Investment Co now owns 5,251 shares of the home improvement retailer's stock worth $2,043,000 after acquiring an additional 223 shares in the last quarter. Apeiron RIA LLC lifted its position in shares of Home Depot by 5.9% during the fourth quarter. Apeiron RIA LLC now owns 1,336 shares of the home improvement retailer's stock worth $520,000 after acquiring an additional 75 shares in the last quarter. Secure Asset Management LLC boosted its holdings in shares of Home Depot by 129.2% in the fourth quarter. Secure Asset Management LLC now owns 6,955 shares of the home improvement retailer's stock worth $2,705,000 after acquiring an additional 3,920 shares during the period. Finally, Red Door Wealth Management LLC grew its position in shares of Home Depot by 5.0% in the fourth quarter. Red Door Wealth Management LLC now owns 25,108 shares of the home improvement retailer's stock valued at $9,767,000 after purchasing an additional 1,186 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company's stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by company insiders.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald's franchisee and served on the McDonald's National Leadership Team. Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.