The Home Depot, Inc. $HD Shares Sold by Ballast Inc.

Ballast Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 84.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 834 shares of the home improvement retailer’s stock after selling 4,373 shares during the period. Ballast Inc.’s holdings in Home Depot were worth $306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealthstream Advisors Inc. raised its position in shares of Home Depot by 11.0% during the 2nd quarter. Wealthstream Advisors Inc. now owns 2,062 shares of the home improvement retailer’s stock worth $756,000 after acquiring an additional 205 shares in the last quarter. DeDora Capital Inc. raised its position in shares of Home Depot by 0.6% during the 2nd quarter. DeDora Capital Inc. now owns 13,407 shares of the home improvement retailer’s stock worth $4,916,000 after acquiring an additional 85 shares in the last quarter. Palmer Knight Co increased its position in Home Depot by 0.5% during the second quarter. Palmer Knight Co now owns 21,716 shares of the home improvement retailer’s stock worth $7,962,000 after buying an additional 105 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Home Depot during the second quarter worth approximately $22,251,000. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its position in Home Depot by 0.7% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,152 shares of the home improvement retailer’s stock worth $3,722,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

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 stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on HD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Trading Up 1.1%

NYSE:HD opened at $391.79 on Friday. The firm has a market cap of $389.98 billion, a P/E ratio of 26.62, a PEG ratio of 3.72 and a beta of 1.00. 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 stock’s 50 day simple moving average is $403.70 and its 200-day simple moving average is $377.97. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month 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 company had revenue of $45.28 billion during 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 company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued 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 dividend yield of 2.3%. Home Depot’s payout ratio 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.