Bahl & Gaynor Inc. Has $463.72 Million Position in The Home Depot, Inc. $HD

Bahl & Gaynor Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,265,292 shares of the home improvement retailer’s stock after selling 22,234 shares during the quarter. Home Depot comprises about 2.4% of Bahl & Gaynor Inc.’s portfolio, making the stock its 9th biggest holding. Bahl & Gaynor Inc. owned approximately 0.13% of Home Depot worth $463,717,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Navigoe LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $29,000. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter worth $31,000. Quarry LP lifted its position in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 46 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. lifted its position in shares of Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after buying an additional 30 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,672 shares of company stock valued at $16,827,675 over the last three months. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Shares of HD stock opened at $412.9960 on Friday. The business’s 50-day moving average price is $374.52 and its 200-day moving average price is $371.57. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market capitalization of $410.90 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.77 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.28 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the business posted $4.60 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HD. Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. TD Securities downgraded Home Depot to a “buy” rating in a research report on Monday, June 2nd. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Gordon Haskett upped their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.