Nabity Jensen Investment Management Inc Has $326,000 Holdings in The Home Depot, Inc. $HD

Nabity Jensen Investment Management Inc decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 3.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 889 shares of the home improvement retailer’s stock after selling 32 shares during the period. Nabity Jensen Investment Management Inc’s holdings in Home Depot were worth $326,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. QTR Family Wealth LLC increased its position in Home Depot by 52.1% in the 2nd quarter. QTR Family Wealth LLC now owns 2,572 shares of the home improvement retailer’s stock valued at $943,000 after acquiring an additional 881 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Home Depot by 0.7% in the 2nd quarter. Trust Co. of Vermont now owns 56,107 shares of the home improvement retailer’s stock valued at $20,571,000 after purchasing an additional 391 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Home Depot by 0.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 35,621 shares of the home improvement retailer’s stock valued at $13,060,000 after purchasing an additional 169 shares during the last quarter. Ninety One UK Ltd boosted its stake in shares of Home Depot by 9.3% in the 2nd quarter. Ninety One UK Ltd now owns 20,797 shares of the home improvement retailer’s stock valued at $7,625,000 after purchasing an additional 1,763 shares during the last quarter. Finally, Childress Capital Advisors LLC boosted its stake in shares of Home Depot by 22.8% in the 2nd quarter. Childress Capital Advisors LLC now owns 3,887 shares of the home improvement retailer’s stock valued at $1,425,000 after purchasing an additional 721 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HD. Truist Financial raised their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Mizuho lifted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.40.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

NYSE HD opened at $405.25 on Wednesday. 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 12-month low of $326.31 and a 12-month high of $439.37. The company has a market capitalization of $403.38 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. The firm’s 50 day moving average is $401.39 and its 200-day moving average is $375.46.

Home Depot (NYSE:HD) last released its earnings results 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 net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the business posted $4.60 earnings per share. Home Depot’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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 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.