The Home Depot, Inc. $HD Shares Sold by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 52.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 661 shares of the home improvement retailer’s stock after selling 736 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Home Depot were worth $242,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot in the 2nd quarter valued at about $28,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot during the second quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the second quarter valued at approximately $35,000. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Home Depot during the second quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on HD shares. Oppenheimer upped their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Thursday, November 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 price objective (down from $440.00) on shares of Home Depot in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $429.33.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Home Depot Trading Down 1.1%

Shares of Home Depot stock opened at $358.31 on Tuesday. The firm has a market cap of $356.66 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company’s 50-day simple moving average is $391.91 and its 200-day simple moving average is $382.00. 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 data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($0.10). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

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.