Kimelman & Baird LLC Has $43.31 Million Stake in The Home Depot, Inc. $HD

Kimelman & Baird LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 118,118 shares of the home improvement retailer’s stock after selling 414 shares during the period. Home Depot comprises approximately 3.5% of Kimelman & Baird LLC’s holdings, making the stock its 10th largest position. Kimelman & Baird LLC’s holdings in Home Depot were worth $43,307,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in Home Depot during the 2nd quarter valued at about $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the second quarter valued at approximately $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $35,000. Global X Japan Co. Ltd. bought a new stake in Home Depot during the second quarter worth $40,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Home Depot in the 2nd quarter valued at $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HD. Wolfe Research began coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. Telsey Advisory Group cut their price target on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. HSBC decreased their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Guggenheim cut their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $409.72.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Shares of HD opened at $336.93 on Tuesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. 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 company has a market cap of $335.37 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock has a 50-day moving average price of $383.62 and a 200-day moving average price of $381.09.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the company posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

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.