Stock Yards Bank & Trust Co. Cuts Stock Holdings in The Home Depot, Inc. $HD

Stock Yards Bank & Trust Co. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,274 shares of the home improvement retailer’s stock after selling 4,457 shares during the period. Home Depot makes up 1.4% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 20th largest holding. Stock Yards Bank & Trust Co.’s holdings in Home Depot were worth $44,277,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC increased its position in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after purchasing an additional 173 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Home Depot by 161.9% during the second quarter. Exchange Traded Concepts LLC now owns 3,433 shares of the home improvement retailer’s stock valued at $1,259,000 after purchasing an additional 2,122 shares in the last quarter. CX Institutional lifted its position in Home Depot by 8.8% during the second quarter. CX Institutional now owns 23,869 shares of the home improvement retailer’s stock valued at $8,751,000 after purchasing an additional 1,923 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of Home Depot by 2.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 5,635 shares of the home improvement retailer’s stock worth $2,066,000 after buying an additional 151 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,963 shares of company stock worth $1,748,845. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Citigroup decreased their price objective on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Royal Bank Of Canada lowered their price objective on Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 10th. Bank of America cut their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, BNP Paribas Exane increased their price target on Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Twenty-two equities research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $404.50.

Home Depot Stock Down 1.3%

NYSE:HD opened at $375.14 on Wednesday. The company has a market cap of $373.46 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 14.16 and a beta of 1.08. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The stock has a fifty day simple moving average of $355.05 and a 200-day simple moving average of $378.27.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the business earned $3.78 EPS. 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. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is currently 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.