The Home Depot, Inc. $HD Shares Sold by Westpac Banking Corp

Westpac Banking Corp lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 50.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,377 shares of the home improvement retailer’s stock after selling 6,411 shares during the period. Westpac Banking Corp’s holdings in Home Depot were worth $2,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. OneAscent Family Office LLC raised its stake in Home Depot by 146.7% during the first quarter. OneAscent Family Office LLC now owns 2,758 shares of the home improvement retailer’s stock worth $1,010,000 after acquiring an additional 1,640 shares in the last quarter. Elyxium Wealth LLC bought a new position in Home Depot during the 1st quarter valued at about $1,653,000. Counterweight Ventures LLC grew its position in Home Depot by 2.2% during the 1st quarter. Counterweight Ventures LLC now owns 7,639 shares of the home improvement retailer’s stock worth $2,800,000 after acquiring an additional 166 shares during the last quarter. Finally, OneAscent Financial Services LLC increased its stake in shares of Home Depot by 108.8% in the first quarter. OneAscent Financial Services LLC now owns 12,558 shares of the home improvement retailer’s stock valued at $4,596,000 after buying an additional 6,544 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.5%

Shares of HD stock traded down $1.97 during trading hours on Monday, hitting $360.39. 301,772 shares of the company were exchanged, compared to its average volume of 3,482,011. The company has a 50 day simple moving average of $393.15 and a two-hundred day simple moving average of $382.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market cap of $358.72 billion, a P/E ratio of 24.54, a P/E/G ratio of 3.59 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.

Home Depot (NYSE:HD) last posted 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 net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the company posted $4.60 EPS. Home Depot’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 anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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 dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price target (down previously from $440.00) on shares of Home Depot in a report on Friday. Wolfe Research started coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Finally, Truist Financial lowered their price objective on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $429.33.

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

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.