The Home Depot, Inc. $HD Shares Sold by Estabrook Capital Management

Estabrook Capital Management lowered its stake in The Home Depot, Inc. (NYSE:HD) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,646 shares of the home improvement retailer’s stock after selling 202 shares during the period. Estabrook Capital Management’s holdings in Home Depot were worth $6,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bernardo Wealth Planning LLC increased its stake in shares of Home Depot by 4.8% during the second quarter. Bernardo Wealth Planning LLC now owns 807 shares of the home improvement retailer’s stock worth $296,000 after buying an additional 37 shares during the period. Orleans Capital Management Corp LA increased its position in shares of Home Depot by 0.3% in the 2nd quarter. Orleans Capital Management Corp LA now owns 14,676 shares of the home improvement retailer’s stock valued at $5,381,000 after purchasing an additional 50 shares during the last quarter. First National Advisers LLC raised its holdings in shares of Home Depot by 0.9% in the 2nd quarter. First National Advisers LLC now owns 12,765 shares of the home improvement retailer’s stock valued at $4,681,000 after purchasing an additional 114 shares in the last quarter. Berry Wealth Group LP lifted its position in shares of Home Depot by 2.5% during the 2nd quarter. Berry Wealth Group LP now owns 12,344 shares of the home improvement retailer’s stock worth $4,526,000 after purchasing an additional 298 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its position in shares of Home Depot by 3.3% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 3,539 shares of the home improvement retailer’s stock worth $1,297,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research cut Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday. Guggenheim cut their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. TD Cowen decreased their target price on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. HSBC dropped their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Finally, Bank of America reduced their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $404.60.

Insider Activity at Home Depot

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

Home Depot Price Performance

Shares of NYSE HD opened at $356.98 on Friday. 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 Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $436.36. The stock has a 50 day moving average of $378.59 and a two-hundred day moving average of $380.58. The stock has a market cap of $355.33 billion, a P/E ratio of 24.25, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $2.30 dividend. The ex-dividend date 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%.

About Home Depot

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.