Advisors Asset Management Inc. Decreases Stock Holdings in The Home Depot, Inc. $HD

Advisors Asset Management Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,170 shares of the home improvement retailer’s stock after selling 6,889 shares during the quarter. Home Depot makes up 0.6% of Advisors Asset Management Inc.’s holdings, making the stock its 19th biggest position. Advisors Asset Management Inc.’s holdings in Home Depot were worth $33,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Center for Financial Planning Inc. lifted its position in shares of Home Depot by 2.8% in the third quarter. Center for Financial Planning Inc. now owns 4,989 shares of the home improvement retailer’s stock valued at $2,022,000 after acquiring an additional 134 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Home Depot by 5.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 110,803 shares of the home improvement retailer’s stock valued at $44,896,000 after purchasing an additional 5,959 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Home Depot by 4.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 5,251 shares of the home improvement retailer’s stock valued at $2,128,000 after purchasing an additional 205 shares in the last quarter. Stratos Investment Management LLC lifted its holdings in Home Depot by 1.7% in the 3rd quarter. Stratos Investment Management LLC now owns 20,820 shares of the home improvement retailer’s stock valued at $8,436,000 after purchasing an additional 346 shares in the last quarter. Finally, Liberty Capital Management Inc. lifted its stake in shares of Home Depot by 0.4% in the third quarter. Liberty Capital Management Inc. now owns 23,347 shares of the home improvement retailer’s stock worth $9,460,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $389.19 on Wednesday. The business’s fifty day moving average price is $363.99 and its 200 day moving average price is $379.73. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The company has a market capitalization of $387.44 billion, a PE ratio of 26.53, a P/E/G ratio of 13.60 and a beta of 1.08. 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 (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $41.06 billion. During the same period in the prior year, the company posted $3.78 EPS. The firm’s revenue for the quarter 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. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business 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 was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. Morgan Stanley boosted their target price on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. HSBC lowered their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Citigroup dropped their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. UBS Group set a $430.00 price target on Home Depot in a report on Wednesday, December 10th. Finally, Telsey Advisory Group decreased their target price on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $404.47.

Insider Buying and Selling

In other news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of 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 SEC filing for this sale provides additional information. Insiders sold 4,963 shares of company stock valued at $1,748,845 in the last three months. 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.