MainStreet Investment Advisors LLC Sells 927 Shares of The Home Depot, Inc. $HD

MainStreet Investment Advisors LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,462 shares of the home improvement retailer’s stock after selling 927 shares during the quarter. Home Depot comprises about 1.7% of MainStreet Investment Advisors LLC’s holdings, making the stock its 15th largest position. MainStreet Investment Advisors LLC’s holdings in Home Depot were worth $12,269,000 at the end of the most recent reporting period.

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

Home Depot Stock Performance

Shares of HD stock opened at $358.31 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 firm has a fifty day simple moving average of $391.91 and a two-hundred day simple moving average of $382.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market capitalization of $356.66 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($0.10). The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s payout ratio is 62.50%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HD shares. Sanford C. Bernstein boosted their price target on Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Truist Financial reduced their price target on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Wolfe Research started coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $429.33.

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.