Kentucky Retirement Systems Insurance Trust Fund Sells 1,871 Shares of The Home Depot, Inc. $HD

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,985 shares of the home improvement retailer’s stock after selling 1,871 shares during the period. Home Depot makes up 0.7% of Kentucky Retirement Systems Insurance Trust Fund’s portfolio, making the stock its 21st biggest position. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Home Depot were worth $9,894,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HD. Vanguard Group Inc. grew its stake in shares of Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after acquiring an additional 1,494,615 shares during the period. State Street Corp lifted its position in Home Depot by 0.7% during the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after purchasing an additional 300,352 shares during the period. Geode Capital Management LLC boosted its holdings in Home Depot by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after purchasing an additional 153,582 shares during the period. Finally, Norges Bank purchased a new stake in Home Depot during the 2nd quarter valued at $4,885,603,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.6%

Home Depot stock opened at $359.52 on Monday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The firm has a market capitalization of $357.90 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 13.40 and a beta of 1.06. The firm has a 50 day moving average of $368.34 and a 200 day moving average of $379.38. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio is currently 62.71%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. DA Davidson cut their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a report on Wednesday. Royal Bank Of Canada dropped their target price on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 8th. Argus dropped their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, Wells Fargo & Company reduced their target price on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $401.17.

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.