The Home Depot, Inc. $HD Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in The Home Depot, Inc. (NYSE:HD) by 17.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,080 shares of the home improvement retailer’s stock after selling 13,871 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Home Depot were worth $26,775,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ICW Investment Advisors LLC increased its holdings in Home Depot by 1.0% in the 3rd quarter. ICW Investment Advisors LLC now owns 9,961 shares of the home improvement retailer’s stock worth $4,036,000 after buying an additional 99 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Home Depot by 8.1% in the 3rd quarter. Wedbush Securities Inc. now owns 54,662 shares of the home improvement retailer’s stock valued at $22,149,000 after acquiring an additional 4,093 shares during the last quarter. Varma Mutual Pension Insurance Co increased its stake in shares of Home Depot by 13.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 159,695 shares of the home improvement retailer’s stock worth $64,707,000 after acquiring an additional 19,300 shares during the period. PFG Private Wealth Management LLC acquired a new stake in shares of Home Depot in the third quarter worth $372,000. Finally, Mitchell Capital Management Co. raised its holdings in shares of Home Depot by 6.2% during the third quarter. Mitchell Capital Management Co. now owns 15,801 shares of the home improvement retailer’s stock worth $6,402,000 after purchasing an additional 922 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’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 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 trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on HD. BNP Paribas Exane upped their price target on shares of Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Daiwa Securities Group raised their target price on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Wolfe Research reduced their price target on Home Depot from $415.00 to $414.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Citigroup decreased their price target on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $404.47.

Home Depot Stock Performance

NYSE HD opened at $390.46 on Thursday. 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 stock’s 50 day simple moving average is $364.64 and its 200-day simple moving average is $379.81. The company has a market cap of $388.71 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 13.91 and a beta of 1.08. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS 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 firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the company posted $3.78 earnings per share. 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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $2.30 per share. 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 payout ratio is presently 62.71%.

Home Depot 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.