GenTrust LLC Lowers Position in The Home Depot, Inc. $HD

GenTrust LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 36.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 724 shares of the home improvement retailer’s stock after selling 421 shares during the period. GenTrust LLC’s holdings in Home Depot were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Warburton Capital Management LLC increased its stake in shares of Home Depot by 13.6% during the second quarter. Warburton Capital Management LLC now owns 900 shares of the home improvement retailer’s stock valued at $339,000 after purchasing an additional 108 shares in the last quarter. FSM Wealth Advisors LLC increased its stake in shares of Home Depot by 21.2% during the second quarter. FSM Wealth Advisors LLC now owns 5,135 shares of the home improvement retailer’s stock valued at $1,888,000 after purchasing an additional 899 shares in the last quarter. KPP Advisory Services LLC increased its stake in shares of Home Depot by 4.5% during the second quarter. KPP Advisory Services LLC now owns 7,284 shares of the home improvement retailer’s stock valued at $2,671,000 after purchasing an additional 312 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Home Depot by 6.9% during the second quarter. First Citizens Bank & Trust Co. now owns 63,226 shares of the home improvement retailer’s stock valued at $23,181,000 after purchasing an additional 4,085 shares in the last quarter. Finally, Paralel Advisors LLC increased its stake in shares of Home Depot by 11.5% during the second quarter. Paralel Advisors LLC now owns 7,293 shares of the home improvement retailer’s stock valued at $2,674,000 after purchasing an additional 752 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Robert W. Baird raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Oppenheimer raised their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Mizuho raised their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $435.42.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 1.0%

NYSE:HD opened at $385.06 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 12 month low of $326.31 and a 12 month high of $439.37. The company has a market cap of $383.29 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 3.69 and a beta of 1.00. The company has a 50 day simple moving average of $402.93 and a two-hundred day simple moving average of $378.83.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm posted $4.60 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. 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 declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

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.