S.E.E.D. Planning Group LLC Trims Stake in The Home Depot, Inc. $HD

S.E.E.D. Planning Group LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,110 shares of the home improvement retailer’s stock after selling 525 shares during the period. Home Depot comprises 1.7% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 23rd largest holding. S.E.E.D. Planning Group LLC’s holdings in Home Depot were worth $5,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mirabaud & Cie SA increased its holdings in Home Depot by 7.0% during the second quarter. Mirabaud & Cie SA now owns 3,060 shares of the home improvement retailer’s stock valued at $1,122,000 after buying an additional 201 shares during the last quarter. Gallacher Capital Management LLC increased its stake in shares of Home Depot by 76.8% in the second quarter. Gallacher Capital Management LLC now owns 2,853 shares of the home improvement retailer’s stock worth $1,046,000 after purchasing an additional 1,239 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Home Depot by 4.2% in the second quarter. Parallel Advisors LLC now owns 30,501 shares of the home improvement retailer’s stock worth $11,183,000 after purchasing an additional 1,216 shares in the last quarter. Trust Co. of Oklahoma increased its stake in shares of Home Depot by 1.1% in the second quarter. Trust Co. of Oklahoma now owns 7,676 shares of the home improvement retailer’s stock worth $2,814,000 after purchasing an additional 83 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its stake in shares of Home Depot by 14.9% in the second quarter. Wealth Alliance Advisory Group LLC now owns 7,095 shares of the home improvement retailer’s stock worth $2,601,000 after purchasing an additional 921 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Robert W. Baird increased their price objective 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. DA Davidson reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. TD Securities cut shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Finally, Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $432.52.

Home Depot Price Performance

HD stock opened at $423.33 on Monday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. 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 company has a fifty day simple moving average of $390.03 and a two-hundred day simple moving average of $372.22. The firm has a market capitalization of $421.38 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00.

Home Depot (NYSE:HD) last released 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the business earned $4.60 EPS. Home Depot’s revenue for the quarter 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. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm 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 dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 over the last ninety days. 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.