Trust Investment Advisors Sells 260 Shares of The Home Depot, Inc. $HD

Trust Investment Advisors lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,657 shares of the home improvement retailer’s stock after selling 260 shares during the quarter. Home Depot comprises about 1.3% of Trust Investment Advisors’ investment portfolio, making the stock its 19th largest position. Trust Investment Advisors’ holdings in Home Depot were worth $2,074,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Client 1ST Advisory Group LLC grew its position in shares of Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after buying an additional 27 shares during the period. Wayfinding Financial LLC boosted its stake in Home Depot by 1.2% in the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock valued at $862,000 after acquiring an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC boosted its stake in Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer’s stock valued at $228,000 after acquiring an additional 28 shares during the last quarter. First Interstate Bank grew its holdings in Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer’s stock worth $3,306,000 after acquiring an additional 28 shares during the period. Finally, Firethorn Wealth Partners LLC raised its position in shares of Home Depot by 1.5% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock valued at $687,000 after acquiring an additional 28 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The shares were 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 directly owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their position. 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Stifel Nicolaus raised their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Robert W. Baird boosted their target price on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Truist Financial increased their price target 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. Finally, Wolfe Research started coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $434.35.

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 announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the business posted $4.60 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. 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%.

Home Depot 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.