Callan Family Office LLC Reduces Stock Position in The Home Depot, Inc. $HD

Callan Family Office LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,612 shares of the home improvement retailer’s stock after selling 1,770 shares during the period. Callan Family Office LLC’s holdings in Home Depot were worth $8,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mainstay Capital Management LLC ADV purchased a new stake in shares of Home Depot in the second quarter valued at $263,000. WealthPlan Investment Management LLC acquired a new stake in Home Depot in the 2nd quarter worth about $1,149,000. Shell Asset Management Co. grew its holdings in Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after buying an additional 15,002 shares during the period. Boston Trust Walden Corp increased its stake in shares of Home Depot by 0.3% during the 2nd quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock valued at $15,537,000 after acquiring an additional 127 shares during the last quarter. Finally, West Family Investments Inc. lifted its holdings in shares of Home Depot by 65.6% during the 2nd quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock worth $1,331,000 after acquiring an additional 1,438 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 1.0%

Shares of HD opened at $378.27 on Tuesday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The stock’s 50-day moving average is $360.52 and its two-hundred day moving average is $379.13. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock has a market cap of $376.57 billion, a PE ratio of 25.78, a P/E/G ratio of 13.96 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is 62.71%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,963 shares of company stock valued at $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Guggenheim dropped their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Gordon Haskett lowered their price target on Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. DA Davidson cut their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $404.50.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.