Jensen Investment Management Inc. Has $3.07 Million Stake in The Home Depot, Inc. $HD

Jensen Investment Management Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 95.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,570 shares of the home improvement retailer’s stock after selling 153,017 shares during the period. Jensen Investment Management Inc.’s holdings in Home Depot were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Centerpoint Advisory Group grew its holdings in shares of Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after buying an additional 26 shares in the last quarter. Disciplined Investors L.L.C. boosted its position in Home Depot by 2.3% during the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after acquiring an additional 26 shares during the last quarter. Brio Consultants LLC grew its stake in shares of Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after acquiring an additional 26 shares in the last quarter. Emprise Bank raised its holdings in shares of Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. raised its holdings in shares of Home Depot by 2.7% in the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated 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 owned 13,196 shares in the company, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,963 shares of company stock valued at $1,748,845 in the last quarter. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HD has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $413.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. KGI Securities cut shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target on the stock. in a research report on Wednesday, November 19th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Zacks Research downgraded Home Depot from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 27th. Finally, Wolfe Research reduced their price target on Home Depot from $415.00 to $414.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $404.47.

Home Depot Trading Up 2.1%

Shares of NYSE:HD opened at $389.19 on Wednesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The company has a market capitalization of $387.44 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 13.60 and a beta of 1.08. The company has a 50-day simple moving average of $363.99 and a 200 day simple moving average of $379.73.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share 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 business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the firm earned $3.78 EPS. Home Depot’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. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) 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.