The Home Depot, Inc. $HD Stake Decreased by Crescent Sterling Ltd.

Crescent Sterling Ltd. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 4.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,984 shares of the home improvement retailer’s stock after selling 357 shares during the period. Home Depot comprises 3.3% of Crescent Sterling Ltd.’s investment portfolio, making the stock its 9th biggest holding. Crescent Sterling Ltd.’s holdings in Home Depot were worth $2,927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Golden State Wealth Management LLC raised its stake in Home Depot by 13.3% in the 1st quarter. Golden State Wealth Management LLC now owns 5,712 shares of the home improvement retailer’s stock valued at $2,093,000 after acquiring an additional 669 shares during the period. Smart Money Group LLC raised its stake in Home Depot by 27.0% in the 1st quarter. Smart Money Group LLC now owns 2,821 shares of the home improvement retailer’s stock valued at $1,034,000 after acquiring an additional 600 shares during the period. Checchi Capital Advisers LLC raised its stake in Home Depot by 1.2% in the 1st quarter. Checchi Capital Advisers LLC now owns 11,616 shares of the home improvement retailer’s stock valued at $4,257,000 after acquiring an additional 139 shares during the period. Finally, Goelzer Investment Management Inc. raised its stake in Home Depot by 3.1% in the 1st quarter. Goelzer Investment Management Inc. now owns 14,029 shares of the home improvement retailer’s stock valued at $5,142,000 after acquiring an additional 417 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business’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 owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,835 shares of company stock valued at $19,623,432 in the last ninety days. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.1%

Shares of HD opened at $379.75 on Friday. The business’s 50-day moving average price is $400.57 and its 200-day moving average price is $380.45. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock has a market cap of $378.00 billion, a PE ratio of 25.80, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 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 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the company earned $4.60 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders 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 annualized dividend and a dividend yield of 2.4%. Home Depot’s payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Truist Financial boosted their price objective on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lowered their price objective 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. Mizuho upped their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $434.35.

About Home Depot

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.