Evelyn Partners Asset Management Ltd Cuts Stock Position in The Home Depot, Inc. $HD

Evelyn Partners Asset Management Ltd trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 98.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192 shares of the home improvement retailer’s stock after selling 16,977 shares during the quarter. Evelyn Partners Asset Management Ltd’s holdings in Home Depot were worth $70,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted 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 buying an additional 7,203 shares in the last quarter. United Bank raised its holdings in shares of Home Depot by 14.9% during the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after acquiring an additional 653 shares during the last quarter. Gilbert & Cook Inc. lifted its position in shares of Home Depot by 1.6% in the first quarter. Gilbert & Cook Inc. now owns 4,062 shares of the home improvement retailer’s stock valued at $1,489,000 after acquiring an additional 63 shares in the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of Home Depot by 7.9% in the first quarter. Tempus Wealth Planning LLC now owns 2,873 shares of the home improvement retailer’s stock worth $1,053,000 after acquiring an additional 210 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Home Depot by 3.5% in the first quarter. Avantax Advisory Services Inc. now owns 103,504 shares of the home improvement retailer’s stock worth $37,933,000 after acquiring an additional 3,452 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. HSBC reduced their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday. Oppenheimer increased their target price 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. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 price target (down from $440.00) on shares of Home Depot in a research note on Friday, November 14th. Mizuho upped their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group cut their price objective on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $410.24.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Home Depot stock opened at $343.22 on Friday. 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 company has a 50-day moving average price of $385.34 and a 200 day moving average price of $381.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a market cap of $341.64 billion, a P/E ratio of 23.32, 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 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

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.