Rhumbline Advisers Lowers Stake in The Home Depot, Inc. $HD

Rhumbline Advisers reduced its position in The Home Depot, Inc. (NYSE:HD) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,873,573 shares of the home improvement retailer’s stock after selling 19,033 shares during the quarter. Home Depot makes up about 0.6% of Rhumbline Advisers’ investment portfolio, making the stock its 20th largest holding. Rhumbline Advisers owned approximately 0.19% of Home Depot worth $759,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sagard Holdings Management Inc. purchased a new stake in Home Depot in the 2nd quarter worth $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the second quarter worth about $32,000. Dougherty Wealth Advisers LLC purchased a new stake in shares of Home Depot during the third quarter worth about $38,000. AXS Investments LLC bought a new stake in Home Depot during the 3rd quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC purchased a new position in Home Depot in the 3rd quarter worth approximately $38,000. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, 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 ownership of the stock. 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 over the last three months. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $424.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. HSBC reduced their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Daiwa Securities Group increased their price objective on shares of Home Depot from $348.00 to $360.00 and gave the company a “neutral” rating in a report on Tuesday, December 16th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $362.00 target price on shares of Home Depot in a report on Monday, November 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $404.47.

Home Depot Stock Up 2.1%

Shares of NYSE:HD opened at $389.19 on Wednesday. The company has a market cap of $387.44 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 13.60 and a beta of 1.08. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 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 company has a 50-day moving average price of $363.99 and a 200 day moving average price of $379.73.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis 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.