The Home Depot, Inc. $HD Stake Cut by Twin Capital Management Inc.

Twin Capital Management Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 21.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,426 shares of the home improvement retailer’s stock after selling 3,978 shares during the period. Home Depot comprises approximately 0.7% of Twin Capital Management Inc.’s holdings, making the stock its 21st biggest position. Twin Capital Management Inc.’s holdings in Home Depot were worth $5,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot during the second quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Home Depot in the second quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 2nd quarter valued at about $35,000. Dougherty Wealth Advisers LLC acquired a new position in Home Depot in the third quarter worth approximately $38,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Home Depot during the third quarter worth $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial set a $405.00 price target on shares of Home Depot in a research report on Friday, January 16th. Morgan Stanley boosted their price target on Home Depot from $395.00 to $412.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. KGI Securities cut shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a report on Wednesday, November 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Finally, Zacks Research downgraded Home Depot from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 27th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $404.47.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $385.01 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The company’s 50-day simple moving average is $362.81 and its 200 day simple moving average is $379.50. The stock has a market cap of $383.28 billion, a P/E ratio of 26.24, a PEG ratio of 13.65 and a beta of 1.08.

Home Depot (NYSE:HD) last announced 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 net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior 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. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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