Lincoln Capital LLC Sells 31 Shares of The Home Depot, Inc. $HD

Lincoln Capital LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the second quarter, HoldingsChannel reports. The fund owned 3,585 shares of the home improvement retailer’s stock after selling 31 shares during the period. Lincoln Capital LLC’s holdings in Home Depot were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. BTC Capital Management Inc. grew its stake in shares of Home Depot by 17.0% during the 2nd quarter. BTC Capital Management Inc. now owns 12,534 shares of the home improvement retailer’s stock valued at $4,535,000 after acquiring an additional 1,817 shares during the period. Orrstown Financial Services Inc. grew its stake in shares of Home Depot by 21.4% during the 2nd quarter. Orrstown Financial Services Inc. now owns 5,587 shares of the home improvement retailer’s stock valued at $2,048,000 after acquiring an additional 983 shares during the period. Grant Private Wealth Management Inc grew its stake in shares of Home Depot by 586.6% during the 2nd quarter. Grant Private Wealth Management Inc now owns 10,354 shares of the home improvement retailer’s stock valued at $3,796,000 after acquiring an additional 8,846 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Home Depot by 27.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 33,116 shares of the home improvement retailer’s stock valued at $12,142,000 after acquiring an additional 7,106 shares during the period. Finally, CX Institutional boosted its stake in Home Depot by 8.8% in the 2nd quarter. CX Institutional now owns 23,869 shares of the home improvement retailer’s stock worth $8,751,000 after purchasing an additional 1,923 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction 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 trade 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 available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HD shares. Mizuho upped their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Truist Financial upped their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Morgan Stanley upped their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wolfe Research began coverage on Home Depot in a report on Thursday. They set an “outperform” rating and a $497.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $435.00.

Home Depot Price Performance

HD opened at $415.77 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 current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The business’s fifty day simple moving average is $394.94 and its 200-day simple moving average is $373.39. The company has a market capitalization of $413.85 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.94 and a beta of 1.00.

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

Home Depot Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

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.