The Home Depot, Inc. $HD Shares Sold by DT Investment Partners LLC

DT Investment Partners LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 17.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,493 shares of the home improvement retailer’s stock after selling 1,851 shares during the period. DT Investment Partners LLC’s holdings in Home Depot were worth $3,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in Home Depot in the second quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot in the second quarter valued at $29,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 2nd quarter worth $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HD. Piper Sandler decreased their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. UBS Group set a $430.00 price target on shares of Home Depot in a research note on Wednesday, December 10th. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 target price on shares of Home Depot in a report on Monday, November 24th. Finally, Gordon Haskett cut their target price on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.10.

Home Depot Stock Down 0.5%

Shares of NYSE HD opened at $344.20 on Tuesday. The stock has a market cap of $342.65 billion, a P/E ratio of 23.46, a PEG ratio of 12.88 and a beta of 1.08. The business’s fifty day simple moving average is $356.34 and its 200-day simple moving average is $377.84. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. 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 issued 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 company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares in the company, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.