Ames National Corp Sells 353 Shares of The Home Depot, Inc. $HD

Ames National Corp trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,196 shares of the home improvement retailer’s stock after selling 353 shares during the quarter. Home Depot accounts for approximately 1.9% of Ames National Corp’s holdings, making the stock its 14th largest position. Ames National Corp’s holdings in Home Depot were worth $3,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after acquiring an additional 1,494,615 shares during the period. Geode Capital Management LLC increased its position in shares of Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after purchasing an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after purchasing an additional 891,326 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Home Depot by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,949,404 shares of the home improvement retailer’s stock worth $3,279,867,000 after buying an additional 477,192 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on HD shares. Sanford C. Bernstein reduced their target price on shares of Home Depot from $406.00 to $362.00 and set a “market perform” rating for the company in a report on Wednesday. Telsey Advisory Group cut their price objective on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley decreased their target price on Home Depot from $430.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday. DA Davidson set a $430.00 price target on Home Depot in a report on Wednesday. Finally, Guggenheim reduced their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday. Twenty research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $410.36.

Home Depot Stock Down 0.6%

Shares of HD opened at $332.50 on Friday. The business’s 50 day moving average is $386.94 and its 200 day moving average is $381.13. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a market capitalization of $330.97 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company 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.