Vestmark Advisory Solutions Inc. Has $7.64 Million Position in The Home Depot, Inc. $HD

Vestmark Advisory Solutions Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 21.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,846 shares of the home improvement retailer’s stock after selling 5,801 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Home Depot were worth $7,643,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. Brighton Jones LLC lifted its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Hunter Associates Investment Management LLC lifted its stake in shares of Home Depot by 6.3% in the first quarter. Hunter Associates Investment Management LLC now owns 2,540 shares of the home improvement retailer’s stock worth $932,000 after buying an additional 150 shares during the last quarter. Phillips Financial Management LLC boosted its holdings in shares of Home Depot by 4.1% during the 1st quarter. Phillips Financial Management LLC now owns 1,266 shares of the home improvement retailer’s stock worth $464,000 after buying an additional 50 shares during the period. Cerity Partners LLC raised its holdings in Home Depot by 15.6% in the 1st quarter. Cerity Partners LLC now owns 726,317 shares of the home improvement retailer’s stock worth $266,188,000 after acquiring an additional 97,966 shares during the period. Finally, Bernardo Wealth Planning LLC lifted its position in Home Depot by 7.7% during the 1st quarter. Bernardo Wealth Planning LLC now owns 770 shares of the home improvement retailer’s stock worth $282,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $370.71 on Friday. The stock’s fifty day moving average is $397.28 and its 200-day moving average is $381.27. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market capitalization of $369.00 billion, a PE ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00.

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 net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the business posted $4.60 EPS. The company’s 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 expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. Sanford C. Bernstein boosted their price objective on Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research report on Friday. Oppenheimer raised their price target on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. Truist Financial cut their price objective on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $434.82.

Insider Buying and Selling

In other news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was 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 in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

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.