May Hill Capital LLC Has $545,000 Holdings in The Home Depot, Inc. $HD

May Hill Capital LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,486 shares of the home improvement retailer’s stock after selling 83 shares during the period. May Hill Capital LLC’s holdings in Home Depot were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HD. Vanguard Group Inc. grew its stake in shares of Home Depot by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer’s stock valued at $35,360,494,000 after purchasing an additional 720,447 shares during the period. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 891,326 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Home Depot by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,949,404 shares of the home improvement retailer’s stock worth $3,279,867,000 after purchasing an additional 477,192 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Home Depot by 13.6% during the first quarter. Goldman Sachs Group Inc. now owns 6,480,031 shares of the home improvement retailer’s stock worth $2,374,866,000 after purchasing an additional 778,012 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated 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 owned 45,455 shares of the company’s stock, valued at approximately $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 in the last ninety days. 0.10% of the stock is owned by insiders.

Home Depot Trading Down 0.3%

NYSE:HD opened at $385.44 on Tuesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The business’s 50-day simple moving average is $402.49 and its 200-day simple moving average is $379.90. 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 $383.66 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the company posted $4.60 earnings per share. Home Depot’s revenue for the quarter 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. 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 disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HD. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Oppenheimer raised their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price target 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. Finally, DA Davidson restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $434.35.

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.