Symphony Financial Ltd. Co. Reduces Stock Holdings in The Home Depot, Inc. $HD

Symphony Financial Ltd. Co. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,551 shares of the home improvement retailer’s stock after selling 3,634 shares during the period. Symphony Financial Ltd. Co.’s holdings in Home Depot were worth $7,836,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the 2nd quarter worth $28,000. Sagard Holdings Management Inc. purchased a new position in Home Depot in the 2nd quarter valued at about $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the second quarter worth about $32,000. Dougherty Wealth Advisers LLC purchased a new stake in shares of Home Depot during the third quarter worth about $38,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Home Depot in the third quarter worth about $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by company insiders.

Home Depot Trading Up 0.7%

Home Depot stock opened at $383.63 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The firm’s 50-day moving average is $356.03 and its 200-day moving average is $378.45. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The company has a market cap of $381.91 billion, a P/E ratio of 26.15, a PEG ratio of 14.20 and a beta of 1.08.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio is 62.71%.

Analysts Set New Price Targets

Several research firms have issued reports on HD. Wells Fargo & Company dropped their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Jefferies Financial Group reissued a “buy” rating and set a $424.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. Argus cut their price target on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Guggenheim reduced their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Bank of America dropped their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $404.50.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.