Valley National Advisers Inc. Has $292,000 Stock Holdings in The Home Depot, Inc. $HD

Valley National Advisers Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 87.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 721 shares of the home improvement retailer’s stock after selling 5,030 shares during the quarter. Valley National Advisers Inc.’s holdings in Home Depot were worth $292,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HD. Worth Asset Management LLC raised its position in Home Depot by 103.9% during the third quarter. Worth Asset Management LLC now owns 1,217 shares of the home improvement retailer’s stock worth $493,000 after acquiring an additional 620 shares in the last quarter. J. L. Bainbridge & Co. Inc. grew its position in shares of Home Depot by 1.6% in the 3rd quarter. J. L. Bainbridge & Co. Inc. now owns 2,595 shares of the home improvement retailer’s stock valued at $1,052,000 after acquiring an additional 42 shares during the period. Parisi Gray Wealth Management increased its stake in shares of Home Depot by 0.7% during the 3rd quarter. Parisi Gray Wealth Management now owns 14,096 shares of the home improvement retailer’s stock worth $5,712,000 after purchasing an additional 95 shares during the last quarter. Client 1ST Advisory Group LLC raised its holdings in shares of Home Depot by 34.7% in the 3rd quarter. Client 1ST Advisory Group LLC now owns 1,876 shares of the home improvement retailer’s stock valued at $760,000 after purchasing an additional 483 shares during the period. Finally, Sandbox Financial Partners LLC lifted its stake in Home Depot by 10.4% in the 3rd quarter. Sandbox Financial Partners LLC now owns 1,555 shares of the home improvement retailer’s stock valued at $630,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HD shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 22nd. Oppenheimer cut their target price on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research note on Friday, December 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $413.00 price target on shares of Home Depot in a research note on Wednesday, December 10th. Truist Financial set a $390.00 price objective on shares of Home Depot in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada decreased their target price on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $402.10.

Insider Transactions at Home Depot

In other Home Depot news, 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 transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Shares of NYSE:HD opened at $347.38 on Tuesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The company’s 50 day moving average price is $360.59 and its two-hundred day moving average price is $378.02. The firm has a market cap of $345.82 billion, a PE ratio of 23.68, a PEG ratio of 13.03 and a beta of 1.06. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the firm posted $3.78 earnings per share. The company’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 year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

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.