First Citizens Bank & Trust Co. Sells 1,627 Shares of The Home Depot, Inc. $HD

First Citizens Bank & Trust Co. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,599 shares of the home improvement retailer’s stock after selling 1,627 shares during the period. First Citizens Bank & Trust Co.’s holdings in Home Depot were worth $24,959,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Sagard Holdings Management Inc. bought a new stake in Home Depot during the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot in the second quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the second quarter valued at $35,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at $38,000. Finally, Marquette Asset Management LLC purchased a new stake in Home Depot during the 3rd quarter worth about $38,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $383.63 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The firm has a market cap of $381.91 billion, a PE ratio of 26.15, a PEG ratio of 14.30 and a beta of 1.08. The company has a 50 day simple moving average of $356.03 and a two-hundred day simple moving average of $378.53.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business posted $3.78 EPS. The business’s quarterly 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. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s payout ratio is 62.71%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the 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 transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. DA Davidson cut their price objective on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Citigroup decreased their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Argus lowered their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $404.50.

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.