King Luther Capital Management Corp Cuts Holdings in The Home Depot, Inc. $HD

King Luther Capital Management Corp cut its stake in The Home Depot, Inc. (NYSE:HD) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,227,743 shares of the home improvement retailer’s stock after selling 4,222 shares during the quarter. Home Depot comprises approximately 2.0% of King Luther Capital Management Corp’s holdings, making the stock its 9th largest holding. King Luther Capital Management Corp owned approximately 0.12% of Home Depot worth $450,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Vanguard Group Inc. boosted its stake in shares of Home Depot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer’s stock worth $35,360,494,000 after purchasing an additional 720,447 shares during the period. Charles Schwab Investment Management Inc. raised its position in Home Depot by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after purchasing an additional 891,326 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Home Depot by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,949,404 shares of the home improvement retailer’s stock valued at $3,279,867,000 after buying an additional 477,192 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Home Depot by 13.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,480,031 shares of the home improvement retailer’s stock valued at $2,374,866,000 after acquiring an additional 778,012 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last three months. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Wolfe Research assumed coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Truist Financial dropped their target price on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Robert W. Baird lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $434.82.

Home Depot Stock Up 0.4%

Shares of NYSE HD opened at $370.71 on Friday. The business’s 50 day moving average is $397.28 and its two-hundred day moving average is $381.46. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The firm has a market cap of $369.00 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $45.43 billion. During the same quarter last year, the business posted $4.60 earnings per share. 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 predict that The Home Depot, Inc. will post 15.13 EPS for the current 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 dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a 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.