Corient Private Wealth LLC Sells 27,919 Shares of The Home Depot, Inc. $HD

Corient Private Wealth LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,215,783 shares of the home improvement retailer’s stock after selling 27,919 shares during the quarter. Home Depot comprises approximately 0.6% of Corient Private Wealth LLC’s investment portfolio, making the stock its 25th biggest holding. Corient Private Wealth LLC owned about 0.12% of Home Depot worth $445,755,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the 2nd quarter valued at $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the second quarter worth about $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot during the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at approximately $35,000. Finally, Delos Wealth Advisors LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $39,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.7%

HD opened at $357.18 on Tuesday. The stock’s fifty day simple moving average is $367.69 and its 200 day simple moving average is $379.30. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The stock has a market cap of $355.58 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 13.40 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.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the business posted $3.78 earnings per share. Home Depot’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. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on HD. Bank of America cut their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. DA Davidson cut their price target on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. TD Cowen decreased their price objective on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Finally, Wells Fargo & Company dropped their target price on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Twenty-one investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $401.17.

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.