Intech Investment Management LLC Sells 718 Shares of The Home Depot, Inc. $HD

Intech Investment Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,050 shares of the home improvement retailer’s stock after selling 718 shares during the quarter. Intech Investment Management LLC’s holdings in Home Depot were worth $12,117,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HD. LGT Capital Partners LTD. grew its stake in Home Depot by 0.7% during the second quarter. LGT Capital Partners LTD. now owns 79,912 shares of the home improvement retailer’s stock worth $29,299,000 after buying an additional 590 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Home Depot by 1.3% in the second quarter. Cetera Investment Advisers now owns 464,772 shares of the home improvement retailer’s stock valued at $170,404,000 after acquiring an additional 6,186 shares during the last quarter. Fusion Capital LLC boosted its holdings in shares of Home Depot by 4.1% in the 2nd quarter. Fusion Capital LLC now owns 21,761 shares of the home improvement retailer’s stock worth $7,979,000 after acquiring an additional 860 shares in the last quarter. WealthShield Partners LLC boosted its holdings in shares of Home Depot by 4.2% in the 2nd quarter. WealthShield Partners LLC now owns 14,481 shares of the home improvement retailer’s stock worth $5,309,000 after acquiring an additional 590 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its position in Home Depot by 2.6% during the 2nd quarter. Meridian Wealth Management LLC now owns 35,400 shares of the home improvement retailer’s stock worth $12,979,000 after acquiring an additional 901 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Home Depot from $452.00 to $444.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Thursday. Morgan Stanley raised their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Truist Financial dropped their target price on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $429.33.

Home Depot Stock Down 1.6%

Shares of NYSE HD opened at $362.08 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm’s 50-day moving average is $393.15 and its 200-day moving average is $381.85. 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 firm has a market capitalization of $360.41 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 business had revenue of $45.28 billion during the quarter, compared to analyst estimates 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. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 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.