Court Place Advisors LLC Sells 496 Shares of The Home Depot, Inc. $HD

Court Place Advisors LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,699 shares of the home improvement retailer’s stock after selling 496 shares during the quarter. Home Depot accounts for approximately 1.9% of Court Place Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Court Place Advisors LLC’s holdings in Home Depot were worth $6,122,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Rice Partnership LLC lifted its position in shares of Home Depot by 2.2% during the second quarter. Rice Partnership LLC now owns 21,328 shares of the home improvement retailer’s stock valued at $7,820,000 after buying an additional 458 shares during the last quarter. TFR Capital LLC. lifted its position in shares of Home Depot by 5.4% during the second quarter. TFR Capital LLC. now owns 3,420 shares of the home improvement retailer’s stock valued at $1,254,000 after buying an additional 175 shares during the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in shares of Home Depot during the second quarter valued at about $263,000. GFG Capital LLC purchased a new stake in shares of Home Depot during the second quarter valued at about $40,000. Finally, Weaver Capital Management LLC lifted its position in shares of Home Depot by 1.9% during the second quarter. Weaver Capital Management LLC now owns 10,168 shares of the home improvement retailer’s stock valued at $3,728,000 after buying an additional 191 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Wolfe Research assumed coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $435.42.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were 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 approximately $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 3,783 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $377.66 on Friday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a 50 day moving average price of $403.50 and a 200 day moving average price of $376.99. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a market capitalization of $375.92 billion, a P/E ratio of 25.66, a PEG ratio of 3.64 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the company posted $4.60 EPS. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. 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 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend 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.