Montag A & Associates Inc. Has $24.77 Million Position in The Home Depot, Inc. $HD

Montag A & Associates Inc. lessened its position in The Home Depot, Inc. (NYSE:HD) by 12.3% during the second quarter, Holdings Channel reports. The institutional investor owned 67,555 shares of the home improvement retailer’s stock after selling 9,466 shares during the quarter. Home Depot comprises approximately 1.2% of Montag A & Associates Inc.’s portfolio, making the stock its 13th largest holding. Montag A & Associates Inc.’s holdings in Home Depot were worth $24,768,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in Home Depot during the second quarter worth $28,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the 2nd quarter worth about $35,000. Global X Japan Co. Ltd. bought a new stake in Home Depot during the 2nd quarter worth about $40,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Home Depot during the 2nd quarter worth about $40,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $370.18 on Tuesday. 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 business’s 50 day moving average price is $396.54 and its two-hundred day moving average price is $381.71. The company has a market cap of $368.47 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results 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 business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HD. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird raised their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Sanford C. Bernstein upped their price objective on Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $434.45.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the 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 transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company 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.