The Home Depot, Inc. $HD Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 15.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,766 shares of the home improvement retailer’s stock after selling 7,670 shares during the period. Freestone Capital Holdings LLC’s holdings in Home Depot were worth $14,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Home Depot by 13.0% during the 1st quarter. Impax Asset Management Group plc now owns 11,306 shares of the home improvement retailer’s stock valued at $4,144,000 after acquiring an additional 1,301 shares during the last quarter. Vickerman Investment Advisors Inc. boosted its position in shares of Home Depot by 5.6% in the 1st quarter. Vickerman Investment Advisors Inc. now owns 6,570 shares of the home improvement retailer’s stock valued at $2,408,000 after purchasing an additional 351 shares during the period. McGlone Suttner Wealth Management Inc. increased its position in shares of Home Depot by 9.3% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 4,606 shares of the home improvement retailer’s stock worth $1,688,000 after acquiring an additional 391 shares in the last quarter. Finally, Argentarii LLC lifted its holdings in shares of Home Depot by 3.0% in the first quarter. Argentarii LLC now owns 6,907 shares of the home improvement retailer’s stock valued at $2,532,000 after purchasing an additional 201 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on HD. Truist Financial boosted 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. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Stifel Nicolaus upped their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. 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, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.35.

Insider Activity

In other news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s 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 in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot 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 of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.1%

NYSE:HD opened at $379.75 on Monday. The stock’s fifty day moving average price is $400.57 and its two-hundred day moving average price is $380.88. 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 company has a market cap of $378.00 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 3.59 and a beta of 1.00. 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 released 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). The business had revenue of $45.28 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid 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 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

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.