The Home Depot, Inc. $HD Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 160,390 shares of the home improvement retailer’s stock after selling 2,388 shares during the quarter. Home Depot makes up approximately 1.0% of UMB Bank n.a.’s investment portfolio, making the stock its 23rd largest position. UMB Bank n.a.’s holdings in Home Depot were worth $64,988,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HD. Mainstay Capital Management LLC ADV purchased a new stake in Home Depot in the second quarter valued at $263,000. WealthPlan Investment Management LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth about $1,149,000. Shell Asset Management Co. increased its position in shares of Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Home Depot by 0.3% in the 2nd quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock valued at $15,537,000 after buying an additional 127 shares during the period. Finally, West Family Investments Inc. lifted its position in Home Depot by 65.6% in the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock valued at $1,331,000 after buying an additional 1,438 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HD. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price target on shares of Home Depot in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. UBS Group set a $430.00 target price on Home Depot in a research report on Wednesday, December 10th. Argus lowered their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Oppenheimer dropped their price objective on 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. Twenty-one 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $404.50.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $374.33 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The company has a market cap of $372.65 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 13.86 and a beta of 1.08. The stock’s 50-day moving average is $359.69 and its two-hundred day moving average is $378.84. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the firm posted $3.78 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts forecast 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, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. Home Depot’s dividend payout ratio is currently 62.71%.

Home Depot Company Profile

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.