Schmidt P J Investment Management Inc. Sells 920 Shares of The Home Depot, Inc. $HD

Schmidt P J Investment Management Inc. cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,514 shares of the home improvement retailer’s stock after selling 920 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Home Depot were worth $6,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mainstay Capital Management LLC ADV bought a new position in shares of Home Depot in the 2nd quarter worth $263,000. WealthPlan Investment Management LLC bought a new position in shares of Home Depot in the 2nd quarter worth $1,149,000. Tower View Wealth Management LLC raised its position in shares of Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after acquiring an additional 671 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Home Depot in the 1st quarter worth $3,851,000. Finally, Shell Asset Management Co. raised its position in shares of Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after acquiring an additional 15,002 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction dated 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 in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.5%

Home Depot stock opened at $386.83 on Monday. 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’s 50-day simple moving average is $402.68 and its two-hundred day simple moving average is $379.68. The company has a market cap of $385.04 billion, a PE ratio of 26.28, a PEG ratio of 3.67 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

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). 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 EPS. 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HD. Oppenheimer boosted their target price on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Wells Fargo & Company boosted their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

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.