Kintegral Advisory LLC Reduces Position in The Home Depot, Inc. $HD

Kintegral Advisory LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,501 shares of the home improvement retailer’s stock after selling 52 shares during the period. Home Depot accounts for approximately 1.1% of Kintegral Advisory LLC’s portfolio, making the stock its 16th biggest holding. Kintegral Advisory LLC’s holdings in Home Depot were worth $12,649,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HD. Westchester Capital Management Inc. grew its position in shares of Home Depot by 0.9% during the second quarter. Westchester Capital Management Inc. now owns 38,659 shares of the home improvement retailer’s stock worth $14,174,000 after acquiring an additional 339 shares during the last quarter. Delaney Dennis R boosted its stake in Home Depot by 1.9% during the 2nd quarter. Delaney Dennis R now owns 16,340 shares of the home improvement retailer’s stock worth $5,991,000 after purchasing an additional 310 shares during the period. Oregon Public Employees Retirement Fund grew its position in Home Depot by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 85,934 shares of the home improvement retailer’s stock worth $31,507,000 after purchasing an additional 500 shares during the last quarter. Concord Asset Management LLC VA grew its position in Home Depot by 17.1% during the 2nd quarter. Concord Asset Management LLC VA now owns 10,130 shares of the home improvement retailer’s stock worth $3,714,000 after purchasing an additional 1,479 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Home Depot by 9.3% in the second quarter. Sequoia Financial Advisors LLC now owns 170,616 shares of the home improvement retailer’s stock valued at $62,555,000 after purchasing an additional 14,451 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Oppenheimer increased their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. lowered their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Morgan Stanley upped their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Truist Financial lifted their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Stock Up 1.0%

HD opened at $379.36 on Tuesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market capitalization of $377.61 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.57 and a beta of 1.00. The business has a 50 day simple moving average of $403.51 and a 200-day simple moving average of $377.45.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the company posted $4.60 EPS. The company’s revenue 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. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s payout ratio is currently 62.50%.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Home Depot Company 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.