The Home Depot, Inc. $HD Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 57,333 shares of the home improvement retailer’s stock after selling 2,959 shares during the period. Home Depot comprises about 1.8% of Marco Investment Management LLC’s portfolio, making the stock its 19th largest holding. Marco Investment Management LLC’s holdings in Home Depot were worth $21,021,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Kinsale Capital Group Inc. grew its holdings in Home Depot by 11.7% during the second quarter. Kinsale Capital Group Inc. now owns 27,661 shares of the home improvement retailer’s stock worth $10,142,000 after acquiring an additional 2,894 shares during the period. Carnegie Lake Advisors LLC lifted its holdings in Home Depot by 0.4% in the second quarter. Carnegie Lake Advisors LLC now owns 14,733 shares of the home improvement retailer’s stock valued at $5,402,000 after acquiring an additional 55 shares during the period. Grey Fox Wealth Advisors LLC boosted its position in Home Depot by 3.6% in the 2nd quarter. Grey Fox Wealth Advisors LLC now owns 1,360 shares of the home improvement retailer’s stock worth $499,000 after purchasing an additional 47 shares in the last quarter. Aspect Partners LLC grew its stake in shares of Home Depot by 12.4% during the 2nd quarter. Aspect Partners LLC now owns 280 shares of the home improvement retailer’s stock worth $103,000 after purchasing an additional 31 shares during the period. Finally, Nvwm LLC increased its holdings in shares of Home Depot by 5.4% during the 2nd quarter. Nvwm LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $2,922,000 after purchasing an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Wolfe Research started coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Truist Financial reduced their price target on Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $434.82.

Home Depot Trading Up 0.4%

HD stock opened at $370.71 on Friday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The business’s 50-day moving average is $397.28 and its 200 day moving average is $381.27. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock has a market cap of $369.00 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the firm earned $4.60 earnings per share. The business’s 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, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. Home Depot’s payout ratio is presently 62.50%.

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.