PNC Financial Services Group Inc. Sells 14,926 Shares of The Home Depot, Inc. $HD

PNC Financial Services Group Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,127,479 shares of the home improvement retailer’s stock after selling 14,926 shares during the quarter. Home Depot accounts for 0.7% of PNC Financial Services Group Inc.’s holdings, making the stock its 21st largest holding. PNC Financial Services Group Inc.’s holdings in Home Depot were worth $1,146,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Legend Financial Advisors Inc. purchased a new stake in Home Depot in the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot in the second quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the second quarter valued at $35,000. Global X Japan Co. Ltd. purchased a new stake in Home Depot during the second quarter valued at about $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot during the second quarter worth about $40,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HD. Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. lowered their price target on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Sanford C. Bernstein raised their price target on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $433.77.

Insider Transactions at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $374.29 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market cap of $372.56 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 3.59 and a beta of 1.00. The business’s fifty day simple moving average is $395.90 and its two-hundred day simple moving average is $381.83. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. Home Depot’s dividend payout ratio is presently 62.50%.

Home Depot Company Profile

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.