Community Financial Services Group LLC Sells 50 Shares of The Home Depot, Inc. $HD

Community Financial Services Group LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 0.6% during the second quarter, HoldingsChannel reports. The firm owned 8,546 shares of the home improvement retailer’s stock after selling 50 shares during the period. Community Financial Services Group LLC’s holdings in Home Depot were worth $3,133,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Precision Wealth Strategies LLC bought a new position in shares of Home Depot in the second quarter worth about $549,000. Heritage Financial Services LLC grew its holdings in shares of Home Depot by 8.1% in the second quarter. Heritage Financial Services LLC now owns 1,553 shares of the home improvement retailer’s stock worth $569,000 after purchasing an additional 116 shares during the last quarter. Madrona Financial Services LLC grew its holdings in shares of Home Depot by 7.6% in the second quarter. Madrona Financial Services LLC now owns 2,860 shares of the home improvement retailer’s stock worth $1,048,000 after purchasing an additional 203 shares during the last quarter. First Pacific Financial grew its holdings in shares of Home Depot by 14.6% in the second quarter. First Pacific Financial now owns 3,320 shares of the home improvement retailer’s stock worth $1,217,000 after purchasing an additional 423 shares during the last quarter. Finally, QTR Family Wealth LLC grew its holdings in shares of Home Depot by 52.1% in the second quarter. QTR Family Wealth LLC now owns 2,572 shares of the home improvement retailer’s stock worth $943,000 after purchasing an additional 881 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $397.46 on Thursday. The firm has a market capitalization of $395.63 billion, a P/E ratio of 27.00, a PEG ratio of 3.84 and a beta of 1.01. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a 50 day moving average price of $401.81 and a 200 day moving average price of $375.61. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company had revenue of $45.28 billion during 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Analyst Ratings Changes

Several research analysts have issued reports on HD shares. 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 report on Wednesday, August 20th. Wolfe Research started coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. 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 report on Wednesday, August 20th. Morgan Stanley increased their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, Truist Financial increased their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $436.40.

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.