The Home Depot, Inc. $HD Stock Holdings Lowered by New Hampshire Trust

New Hampshire Trust lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,050 shares of the home improvement retailer’s stock after selling 33 shares during the period. Home Depot accounts for 1.2% of New Hampshire Trust’s portfolio, making the stock its 20th biggest holding. New Hampshire Trust’s holdings in Home Depot were worth $5,885,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the second quarter worth approximately $28,000. Abound Financial LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted its position in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the second quarter worth approximately $40,000. Finally, GFG Capital LLC acquired a new position in shares of Home Depot during the second quarter worth approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HD shares. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. DA Davidson restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Stifel Nicolaus lifted their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Mizuho raised their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley raised their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Trading Up 0.5%

Shares of HD stock opened at $386.83 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market capitalization of $385.04 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.67 and a beta of 1.00. The stock has a 50-day simple moving average of $402.68 and a 200 day simple moving average of $379.51. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 business 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 company earned $4.60 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s payout ratio is 62.50%.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% 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, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last ninety days. Company insiders own 0.10% of the company’s stock.

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.