The Home Depot, Inc. $HD Holdings Decreased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,196 shares of the home improvement retailer’s stock after selling 31 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Home Depot were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Client 1ST Advisory Group LLC increased its holdings in shares of Home Depot by 1.5% in the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after acquiring an additional 27 shares during the last quarter. Financial Insights Inc. grew its stake in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer’s stock worth $323,000 after buying an additional 28 shares during the last quarter. Wayfinding Financial LLC grew its stake in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock worth $862,000 after buying an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC grew its stake in Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer’s stock worth $228,000 after buying an additional 28 shares during the last quarter. Finally, First Interstate Bank grew its stake in Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer’s stock worth $3,306,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Oppenheimer upped their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Stifel Nicolaus upped their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Wolfe Research began coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective for the company. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Trading Up 1.1%

NYSE:HD opened at $391.79 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a market cap of $389.98 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 3.68 and a beta of 1.00. The business has a fifty day moving average of $403.70 and a 200-day moving average of $377.92. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the company posted $4.60 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

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.