Sentry Investment Management LLC Has $894,000 Position in The Home Depot, Inc. $HD

Sentry Investment Management LLC cut its position in The Home Depot, Inc. (NYSE:HD) by 24.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,432 shares of the home improvement retailer’s stock after selling 772 shares during the period. Sentry Investment Management LLC’s holdings in Home Depot were worth $894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HD. Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Home Depot by 7.2% in the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock valued at $10,237,000 after acquiring an additional 1,880 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Home Depot by 57.0% during the first quarter. Exchange Traded Concepts LLC now owns 1,311 shares of the home improvement retailer’s stock valued at $480,000 after purchasing an additional 476 shares during the last quarter. Intact Investment Management Inc. raised its stake in shares of Home Depot by 1.1% during the 1st quarter. Intact Investment Management Inc. now owns 45,500 shares of the home improvement retailer’s stock worth $16,675,000 after purchasing an additional 505 shares in the last quarter. Finally, Lighthouse Wealth Management Inc. grew its position in shares of Home Depot by 15.4% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 764 shares of the home improvement retailer’s stock valued at $280,000 after acquiring an additional 102 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot 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 sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HD. Truist Financial lifted their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Wolfe Research initiated coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reduced their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Stock Up 1.1%

Shares of NYSE HD opened at $391.79 on Monday. The company has a market capitalization of $389.98 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 3.72 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The company’s 50 day moving average price is $403.70 and its 200-day moving average price is $378.12. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last issued 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 business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the business earned $4.60 earnings per share. The firm’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. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

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.