The Home Depot, Inc. $HD Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 21.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,188 shares of the home improvement retailer’s stock after selling 2,242 shares during the period. Home Depot accounts for approximately 0.8% of L.M. Kohn & Company’s portfolio, making the stock its 21st biggest holding. L.M. Kohn & Company’s holdings in Home Depot were worth $3,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust increased its position in Home Depot by 14.4% in the 2nd quarter. Bank of Jackson Hole Trust now owns 3,558 shares of the home improvement retailer’s stock valued at $1,305,000 after acquiring an additional 447 shares during the period. Ferguson Shapiro LLC boosted its position in Home Depot by 4.3% during the 2nd quarter. Ferguson Shapiro LLC now owns 12,782 shares of the home improvement retailer’s stock worth $4,686,000 after acquiring an additional 529 shares during the period. Austin Private Wealth LLC grew its stake in shares of Home Depot by 9.5% in the second quarter. Austin Private Wealth LLC now owns 2,800 shares of the home improvement retailer’s stock worth $1,026,000 after purchasing an additional 244 shares in the last quarter. Providence First Trust Co increased its holdings in shares of Home Depot by 1.3% during the second quarter. Providence First Trust Co now owns 3,538 shares of the home improvement retailer’s stock valued at $1,297,000 after purchasing an additional 44 shares during the period. Finally, Redmond Asset Management LLC raised its stake in shares of Home Depot by 13.0% during the second quarter. Redmond Asset Management LLC now owns 659 shares of the home improvement retailer’s stock valued at $242,000 after purchasing an additional 76 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $385.86 on Wednesday. The company has a 50-day moving average of $402.09 and a 200-day moving average of $380.13. The firm has a market cap of $384.08 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

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). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.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 earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts forecast 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. Stockholders of record on Thursday, September 4th were given 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 is 62.50%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on 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 transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HD shares. Oppenheimer increased their target price 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. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.