Mattson Financial Services LLC Sells 63 Shares of The Home Depot, Inc. $HD

Mattson Financial Services LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,026 shares of the home improvement retailer’s stock after selling 63 shares during the period. Mattson Financial Services LLC’s holdings in Home Depot were worth $1,109,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HD. Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after acquiring an additional 565 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Home Depot during the 4th quarter worth $2,549,000. Northeast Financial Consultants Inc lifted its holdings in shares of Home Depot by 0.9% during the 4th quarter. Northeast Financial Consultants Inc now owns 23,305 shares of the home improvement retailer’s stock worth $9,065,000 after acquiring an additional 208 shares during the last quarter. Finally, NorthRock Partners LLC lifted its holdings in shares of Home Depot by 149.6% during the 4th quarter. NorthRock Partners LLC now owns 16,274 shares of the home improvement retailer’s stock worth $6,330,000 after acquiring an additional 9,753 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $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 a total of 46,532 shares of company stock valued at $18,648,987 over the last three months. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock opened at $413.50 on Thursday. The firm’s 50-day moving average price is $387.95 and its two-hundred day moving average price is $371.97. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a market capitalization of $411.59 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.94 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot’s 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. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s payout ratio is presently 62.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Stifel Nicolaus boosted their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Robert W. Baird boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $432.52.

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.