F m Investments LLC Has $30.80 Million Stock Position in The Home Depot, Inc. $HD

F m Investments LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,005 shares of the home improvement retailer’s stock after selling 3,359 shares during the period. Home Depot comprises approximately 1.1% of F m Investments LLC’s holdings, making the stock its 16th largest position. F m Investments LLC’s holdings in Home Depot were worth $30,800,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HD. Centerpoint Advisory Group lifted its holdings in shares of Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after purchasing an additional 26 shares in the last quarter. Disciplined Investors L.L.C. lifted its stake in Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after acquiring an additional 26 shares in the last quarter. Brio Consultants LLC boosted its position in Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after acquiring an additional 26 shares during the period. Client 1ST Advisory Group LLC grew its stake in 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 valued at $688,000 after acquiring an additional 27 shares in the last quarter. Finally, BWM Planning LLC increased its holdings in shares of Home Depot by 0.7% in the 2nd quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock valued at $1,505,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD opened at $356.14 on Friday. 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 company has a market cap of $354.49 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock has a 50-day moving average of $379.77 and a 200-day moving average of $380.66. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $436.36.

Home Depot (NYSE:HD) last posted its earnings results 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 analyst estimates of $41.06 billion. During the same quarter last year, the firm posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s payout ratio is currently 62.71%.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. BNP Paribas Exane decreased their price target on shares of Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Jefferies Financial Group lowered their price target on shares of Home Depot from $474.00 to $438.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Robert W. Baird cut their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. The Goldman Sachs Group lowered their target price on Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Morgan Stanley dropped their target price on Home Depot from $430.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $404.60.

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.