AMF Tjanstepension AB Cuts Stock Position in The Home Depot, Inc. $HD

AMF Tjanstepension AB cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 63.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 54,682 shares of the home improvement retailer’s stock after selling 93,639 shares during the period. AMF Tjanstepension AB’s holdings in Home Depot were worth $20,065,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Sava Infond d.o.o. purchased a new stake in shares of Home Depot during the second quarter worth about $187,000. LGT Fund Management Co Ltd. increased its stake in Home Depot by 5.7% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 17,584 shares of the home improvement retailer’s stock worth $6,447,000 after buying an additional 947 shares in the last quarter. Apexium Financial LP raised its holdings in shares of Home Depot by 3.1% during the second quarter. Apexium Financial LP now owns 4,096 shares of the home improvement retailer’s stock valued at $1,502,000 after acquiring an additional 124 shares during the last quarter. Quent Capital LLC lifted its position in shares of Home Depot by 0.9% in the second quarter. Quent Capital LLC now owns 8,873 shares of the home improvement retailer’s stock valued at $3,253,000 after acquiring an additional 83 shares in the last quarter. Finally, 111 Capital boosted its stake in shares of Home Depot by 9.0% in the second quarter. 111 Capital now owns 1,774 shares of the home improvement retailer’s stock worth $650,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last 90 days. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.0%

Shares of NYSE HD opened at $394.88 on Friday. The company has a market capitalization of $393.06 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a 50 day simple moving average of $402.63 and a 200-day simple moving average of $376.21. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

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

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Oppenheimer increased their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Wolfe Research initiated coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price for the company. 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. Truist Financial boosted their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Mizuho upped their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $436.40.

Home Depot 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.