Dundas Partners LLP Sells 3,242 Shares of The Home Depot, Inc. $HD

Dundas Partners LLP decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,543 shares of the home improvement retailer’s stock after selling 3,242 shares during the period. Home Depot comprises 1.8% of Dundas Partners LLP’s portfolio, making the stock its 28th largest holding. Dundas Partners LLP’s holdings in Home Depot were worth $25,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of Home Depot during the second quarter worth $28,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot during the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the second quarter worth about $35,000. Global X Japan Co. Ltd. purchased a new stake in Home Depot in the 2nd quarter valued at about $40,000. Finally, GFG Capital LLC purchased a new position in Home Depot during the 2nd quarter worth $40,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group lowered their price objective on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating for the company in a research note on Wednesday. Evercore ISI cut their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday. DZ Bank reissued a “sell” rating on shares of Home Depot in a report on Tuesday. Finally, Sanford C. Bernstein decreased their target price on shares of Home Depot from $406.00 to $362.00 and set a “market perform” rating for the company in a research report on Wednesday. Twenty-one analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $410.24.

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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 3.3%

NYSE HD opened at $343.22 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. 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 firm’s 50-day moving average is $385.34 and its two-hundred day moving average is $381.00. The stock has a market capitalization of $341.64 billion, a P/E ratio of 23.32, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.78 EPS. 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 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

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.