Steigerwald Gordon & Koch Inc. Reduces Stock Holdings in The Home Depot, Inc. $HD

Steigerwald Gordon & Koch Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,357 shares of the home improvement retailer’s stock after selling 48 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Home Depot were worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Home Depot by 0.8% during the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer’s stock worth $35,360,494,000 after acquiring an additional 720,447 shares during the last quarter. Asset Planning Services Inc. LA ADV grew its position in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock worth $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after acquiring an additional 891,326 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock worth $37,517,230,000 after acquiring an additional 10,210,851 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after acquiring an additional 1,494,261 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HD shares. Truist Financial lifted their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. 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 report on Monday, August 18th. Wolfe Research started coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. TD Securities lowered shares of Home Depot to a “buy” rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. lowered 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 report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.60.

Home Depot Price Performance

Home Depot stock opened at $412.86 on Tuesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. 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 business has a fifty day moving average of $395.79 and a two-hundred day moving average of $373.58. The company has a market cap of $410.96 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the business posted $4.60 EPS. Home Depot’s 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. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued 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 dividend payout ratio (DPR) is 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This trade represents a 8.68% 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, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% 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 in the last quarter. 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.