Global Strategic Investment Solutions LLC Sells 48 Shares of The Home Depot, Inc. $HD

Global Strategic Investment Solutions LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,465 shares of the home improvement retailer’s stock after selling 48 shares during the period. Global Strategic Investment Solutions LLC’s holdings in Home Depot were worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Beacon Financial Advisory LLC raised its position in shares of Home Depot by 14.4% in the 2nd quarter. Beacon Financial Advisory LLC now owns 1,880 shares of the home improvement retailer’s stock worth $689,000 after acquiring an additional 236 shares in the last quarter. Gemmer Asset Management LLC raised its position in shares of Home Depot by 2.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,623 shares of the home improvement retailer’s stock worth $1,695,000 after acquiring an additional 106 shares in the last quarter. Marietta Wealth Management LLC raised its position in shares of Home Depot by 3.4% in the 2nd quarter. Marietta Wealth Management LLC now owns 31,075 shares of the home improvement retailer’s stock worth $11,393,000 after acquiring an additional 1,009 shares in the last quarter. Simplicity Wealth LLC raised its position in shares of Home Depot by 84.5% in the 2nd quarter. Simplicity Wealth LLC now owns 23,099 shares of the home improvement retailer’s stock worth $8,469,000 after acquiring an additional 10,581 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in shares of Home Depot by 17.2% in the 2nd quarter. OLD National Bancorp IN now owns 25,935 shares of the home improvement retailer’s stock worth $9,509,000 after acquiring an additional 3,804 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HD. Oppenheimer boosted their target price on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. decreased their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $436.40.

Home Depot Price Performance

HD stock opened at $394.88 on Friday. The company has a market capitalization of $393.06 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. 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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The business has a 50-day simple moving average of $402.63 and a two-hundred day simple moving average of $376.37.

Home Depot (NYSE:HD) last released its quarterly 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 company 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%. Home Depot’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s payout ratio is 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.