Kimelman & Baird LLC Sells 414 Shares of The Home Depot, Inc. $HD

Kimelman & Baird LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,118 shares of the home improvement retailer’s stock after selling 414 shares during the period. Home Depot accounts for approximately 3.5% of Kimelman & Baird LLC’s investment portfolio, making the stock its 10th biggest position. Kimelman & Baird LLC’s holdings in Home Depot were worth $43,307,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HD. Mainstay Capital Management LLC ADV acquired a new position in Home Depot in the 2nd quarter valued at about $263,000. WealthPlan Investment Management LLC acquired a new stake in Home Depot during the second quarter worth approximately $1,149,000. Tower View Wealth Management LLC boosted its holdings in shares of Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Home Depot in the first quarter valued at approximately $3,851,000. Finally, Shell Asset Management Co. increased its stake in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $336.93 on Tuesday. 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 capitalization of $335.37 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm’s fifty day simple moving average is $383.62 and its two-hundred day simple moving average is $381.09. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period last year, the business posted $3.78 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America decreased their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Gordon Haskett reduced their price objective on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Argus lowered their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Oppenheimer increased their target price on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Finally, UBS Group reduced their price target on Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $409.72.

Insider Activity at Home Depot

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

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.