First Western Trust Bank Sells 875 Shares of The Home Depot, Inc. $HD

First Western Trust Bank decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,705 shares of the home improvement retailer’s stock after selling 875 shares during the quarter. Home Depot comprises approximately 0.3% of First Western Trust Bank’s holdings, making the stock its 22nd largest position. First Western Trust Bank’s holdings in Home Depot were worth $7,225,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in Home Depot during the second quarter worth about $28,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at approximately $35,000. Global X Japan Co. Ltd. acquired a new position in Home Depot during the 2nd quarter worth approximately $40,000. Finally, GFG Capital LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on 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 of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last quarter. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Mizuho raised their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley upped their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Truist Financial cut their price target on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $433.00.

Home Depot Stock Performance

NYSE:HD opened at $370.87 on Thursday. The company has a market capitalization of $369.16 billion, a PE ratio of 25.19, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. 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 50 day simple moving average of $395.17 and a two-hundred day simple moving average of $381.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the company earned $4.60 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. Home Depot’s dividend 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.