The Home Depot, Inc. $HD Shares Sold by Investment Partners LTD.

Investment Partners LTD. decreased its position in The Home Depot, Inc. (NYSE:HD) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,431 shares of the home improvement retailer’s stock after selling 164 shares during the quarter. Investment Partners LTD.’s holdings in Home Depot were worth $1,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HD. Mainstay Capital Management LLC ADV bought a new position in Home Depot during the 2nd quarter worth approximately $263,000. WealthPlan Investment Management LLC acquired a new stake in shares of Home Depot during the second quarter worth $1,149,000. Tower View Wealth Management LLC boosted its holdings in shares of Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after buying an additional 671 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Home Depot during the 1st quarter valued at about $3,851,000. Finally, Shell Asset Management Co. raised its stake in Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after acquiring an additional 15,002 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Sanford C. Bernstein boosted their price objective on Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating for the company in a research report on Monday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their target price on shares of Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $433.00.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last three months. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $372.87 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm’s 50-day moving average price is $395.17 and its 200-day moving average price is $381.75. The firm has a market capitalization of $371.14 billion, a P/E ratio of 25.23, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during 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 firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Home Depot 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.