Home Depot (NYSE:HD) Shares Bought 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 Performance

Shares of NYSE HD opened at $409.21 on Friday. The stock has a market capitalization of $406.50 billion, a P/E ratio of 27.80, a P/E/G ratio of 4.11 and a beta of 1.05. The firm’s 50-day moving average price is $406.24 and its two-hundred day moving average price is $386.78. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $3.81 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. 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 report on Wednesday, November 6th. Oppenheimer raised their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley raised 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $426.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HD. Roberts Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.6% in the 4th quarter. Roberts Wealth Advisors LLC now owns 6,097 shares of the home improvement retailer’s stock valued at $2,476,000 after purchasing an additional 98 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in Home Depot by 9.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 216,955 shares of the home improvement retailer’s stock valued at $84,393,000 after purchasing an additional 18,795 shares in the last quarter. Mogy Joel R Investment Counsel Inc. increased its stake in Home Depot by 0.7% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 106,187 shares of the home improvement retailer’s stock valued at $41,306,000 after buying an additional 690 shares during the period. Atomi Financial Group Inc. lifted its position in Home Depot by 17.4% in the 4th quarter. Atomi Financial Group Inc. now owns 8,675 shares of the home improvement retailer’s stock worth $3,375,000 after buying an additional 1,285 shares in the last quarter. Finally, Monterey Private Wealth Inc. lifted its position in Home Depot by 3.4% in the 4th quarter. Monterey Private Wealth Inc. now owns 2,259 shares of the home improvement retailer’s stock worth $879,000 after buying an additional 74 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last quarter. Company insiders own 0.10% of the company’s stock.

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.