The Home Depot, Inc. $HD Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd trimmed its position in The Home Depot, Inc. (NYSE:HD) by 9.7% during the second quarter, Holdings Channel.com reports. The firm owned 128,958 shares of the home improvement retailer’s stock after selling 13,800 shares during the period. Railway Pension Investments Ltd’s holdings in Home Depot were worth $47,281,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. United Bank grew its holdings in shares of Home Depot by 14.9% during the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock worth $1,841,000 after purchasing an additional 653 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Home Depot during the first quarter worth about $507,000. Mullooly Asset Management Inc. purchased a new stake in shares of Home Depot in the 1st quarter valued at about $1,664,000. Finally, Asset Planning Inc lifted its holdings in shares of Home Depot by 6.3% in the 1st quarter. Asset Planning Inc now owns 1,874 shares of the home improvement retailer’s stock valued at $687,000 after purchasing an additional 111 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research 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. Truist Financial set a $379.00 target price on shares of Home Depot in a report on Tuesday, November 18th. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Wednesday, November 19th. Bank of America dropped their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Wells Fargo & Company decreased their price objective on Home Depot from $435.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Twenty-two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $404.60.

Home Depot Stock Performance

Shares of HD opened at $356.98 on Friday. 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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $436.36. The company has a 50-day simple moving average of $378.59 and a 200-day simple moving average of $380.58. The company has a market capitalization of $355.33 billion, a PE ratio of 24.25, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm posted $3.78 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 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.