The Home Depot, Inc. $HD Stock Position Lowered by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,632 shares of the home improvement retailer’s stock after selling 596 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Home Depot were worth $4,265,000 at the end of the most recent reporting period.

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

Home Depot Stock Up 1.4%

Shares of NYSE HD opened at $356.14 on Thursday. The business has a fifty day moving average of $381.00 and a two-hundred day moving average of $380.84. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $436.36. The stock has a market cap of $354.49 billion, a PE ratio of 24.19, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). 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 for the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the business earned $3.78 earnings per share. The company’s revenue for the quarter 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, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Morgan Stanley reduced their target price on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price target on shares of Home Depot in a research note on Monday. Mizuho upped 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. Finally, Royal Bank Of Canada decreased their price objective on Home Depot from $401.00 to $376.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $404.60.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was 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 directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by 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.