E. Ohman J or Asset Management AB Reduces Stock Position in The Home Depot, Inc. $HD

E. Ohman J or Asset Management AB trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,538 shares of the home improvement retailer’s stock after selling 2,321 shares during the period. E. Ohman J or Asset Management AB’s holdings in Home Depot were worth $15,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Client 1ST Advisory Group LLC grew its position in shares of Home Depot by 1.5% in the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after purchasing an additional 27 shares in the last quarter. Invst LLC boosted its stake in Home Depot by 0.4% in the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer’s stock worth $2,621,000 after purchasing an additional 28 shares during the period. Financial Insights Inc. grew its holdings in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer’s stock valued at $323,000 after buying an additional 28 shares in the last quarter. Wayfinding Financial LLC increased its position in shares of Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock valued at $862,000 after buying an additional 28 shares during the period. Finally, Pure Portfolios Holdings LLC lifted its holdings in shares of Home Depot by 4.7% in the first 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 in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Truist Financial upped their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group decreased their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Trading Down 0.0%

NYSE HD opened at $423.33 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock’s 50-day simple moving average is $390.03 and its two-hundred day simple moving average is $372.22. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market capitalization of $421.38 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 4.01 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 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 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts forecast 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 will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insider Transactions at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,532 shares of company stock worth $18,648,987. Corporate insiders own 0.10% of the company’s stock.

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.