FineMark National Bank & Trust Sells 951 Shares of The Home Depot, Inc. $HD

FineMark National Bank & Trust lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 87,945 shares of the home improvement retailer’s stock after selling 951 shares during the period. Home Depot comprises about 1.1% of FineMark National Bank & Trust’s investment portfolio, making the stock its 16th largest holding. FineMark National Bank & Trust’s holdings in Home Depot were worth $32,244,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HD. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot during the 2nd quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the 2nd quarter valued at $35,000. Global X Japan Co. Ltd. bought a new position in Home Depot in the 2nd quarter valued at $40,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Home Depot in the second quarter worth $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 6.0%

Shares of Home Depot stock opened at $336.55 on Wednesday. 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 1 year low of $326.31 and a 1 year high of $439.37. The firm’s 50-day moving average is $390.33 and its two-hundred day moving average is $381.80. The stock has a market cap of $334.99 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.84 by ($0.10). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the firm posted $3.78 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insider Activity

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the 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 sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 44,466 shares of company stock worth $17,859,432. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HD shares. Sanford C. Bernstein boosted their target price on shares of Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a research note on Friday, November 7th. Mizuho lifted their price objective 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. DA Davidson restated a “buy” rating and issued a $475.00 target price on shares of Home Depot in a research note on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Thursday, November 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 price target (down previously from $440.00) on shares of Home Depot in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $430.52.

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.