The Home Depot, Inc. $HD Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,007 shares of the home improvement retailer’s stock after selling 272 shares during the quarter. Home Depot comprises approximately 1.2% of Perkins Coie Trust Co’s holdings, making the stock its 18th biggest position. Perkins Coie Trust Co’s holdings in Home Depot were worth $7,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group acquired a new stake in Home Depot during the 2nd quarter worth about $246,000. Orgel Wealth Management LLC acquired a new stake in Home Depot during the 2nd quarter worth about $201,000. Clare Market Investments LLC grew its position in Home Depot by 124.3% during the 2nd quarter. Clare Market Investments LLC now owns 3,846 shares of the home improvement retailer’s stock worth $1,410,000 after purchasing an additional 2,131 shares during the period. Legacy Financial Strategies LLC grew its position in Home Depot by 22.5% during the 2nd quarter. Legacy Financial Strategies LLC now owns 962 shares of the home improvement retailer’s stock worth $353,000 after purchasing an additional 177 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new stake in Home Depot during the 2nd quarter worth about $211,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.4%

HD stock opened at $415.77 on Friday. The firm has a market cap of $413.85 billion, a PE ratio of 28.25, a PEG ratio of 3.96 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. The firm’s 50 day moving average price is $394.94 and its 200-day moving average price is $373.48. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly 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). The firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research 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. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot’s payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. Truist Financial increased their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Robert W. Baird increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Mizuho increased their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, TD Securities lowered shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $435.00.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last quarter. 0.10% of the stock is owned by corporate insiders.

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.