Aberdeen Group plc Sells 184,451 Shares of The Home Depot, Inc. $HD

Key Points

• Aberdeen Group plc reduced its holdings in The Home Depot, Inc. by 19.7%, now owning 753,234 shares valued at approximately $273.6 million.
• Home Depot reported earnings per share of $3.56, slightly missing analyst expectations, while revenue increased by 9.4% year-over-year to $39.86 billion.
• The company announced a quarterly dividend of $2.30 per share, with a dividend yield of 2.3%, reflecting a dividend payout ratio of 62.42%.

Aberdeen Group plc lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 753,234 shares of the home improvement retailer's stock after selling 184,451 shares during the period. Home Depot comprises about 0.5% of Aberdeen Group plc's investment portfolio, making the stock its 27th biggest position. Aberdeen Group plc owned 0.08% of Home Depot worth $273,601,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HD. Navigoe LLC purchased a new position in Home Depot during the 4th quarter valued at about $29,000. Abound Financial LLC purchased a new position in shares of Home Depot during the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its holdings in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Quarry LP grew its position in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares during the period. Finally, Quest 10 Wealth Builders Inc. grew its position in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after buying an additional 30 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Guggenheim reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities downgraded shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Truist Financial raised their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $427.76.

Insider Buying and Selling at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Up 2.9%

Shares of NYSE:HD traded up $11.5230 during mid-day trading on Tuesday, hitting $406.2230. 7,606,013 shares of the company traded hands, compared to its average volume of 3,541,694. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The firm's 50 day simple moving average is $371.05 and its 200 day simple moving average is $371.19. The firm has a market cap of $404.16 billion, a P/E ratio of 27.56, a PEG ratio of 3.80 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 242.51% and a net margin of 8.98%.The business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 earnings per share. Home Depot's revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot's dividend payout ratio is 62.42%.

About Home Depot

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.