The Home Depot, Inc. $HD Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,625 shares of the home improvement retailer’s stock after selling 1,549 shares during the quarter. Sigma Planning Corp’s holdings in Home Depot were worth $13,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. State of Michigan Retirement System boosted its holdings in shares of Home Depot by 10.3% in the 2nd quarter. State of Michigan Retirement System now owns 330,284 shares of the home improvement retailer’s stock valued at $121,095,000 after buying an additional 30,800 shares in the last quarter. Castlekeep Investment Advisors LLC lifted its position in Home Depot by 9.1% in the second quarter. Castlekeep Investment Advisors LLC now owns 3,263 shares of the home improvement retailer’s stock valued at $1,196,000 after acquiring an additional 272 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in Home Depot by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 4,169 shares of the home improvement retailer’s stock valued at $1,529,000 after acquiring an additional 107 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Home Depot during the second quarter worth about $27,498,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Home Depot by 0.5% during the second quarter. GHP Investment Advisors Inc. now owns 15,170 shares of the home improvement retailer’s stock worth $5,562,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.1%

NYSE:HD opened at $379.75 on Monday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. 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 stock’s 50 day simple moving average is $400.57 and its 200-day simple moving average is $380.88. The firm has a market cap of $378.00 billion, a P/E ratio of 25.80, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the business earned $4.60 earnings per share. 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. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Wells Fargo & Company raised their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $434.35.

Insiders Place Their Bets

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 value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have 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.