AlTi Global Inc. Has $5.23 Million Stock Holdings in The Home Depot, Inc. $HD

Key Points

• AlTi Global Inc. has reduced its stake in Home Depot by 13.9%, selling 2,299 shares and bringing its total holdings to 14,277 shares valued at approximately $5.2 million.
• Home Depot's recent quarterly earnings fell slightly short of estimates, reporting $4.68 EPS against a consensus expectation of $4.69 and generating $45.28 billion in revenue.
• The company has announced a quarterly dividend of $2.30 per share, with a yield of 2.3%, to be paid on September 18th.

AlTi Global Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,277 shares of the home improvement retailer's stock after selling 2,299 shares during the period. AlTi Global Inc.'s holdings in Home Depot were worth $5,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC increased its stake in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the last quarter. Quest 10 Wealth Builders Inc. increased its stake in Home Depot by 35.7% in the 1st 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 last quarter. Spurstone Advisory Services LLC acquired a new stake in Home Depot in the 4th quarter valued at $45,000. Finally, Vega Investment Solutions acquired a new stake in Home Depot in the fourth quarter valued at $46,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho increased their price target 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, JPMorgan Chase & Co. cut their price target on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Performance

Home Depot stock traded up $7.01 during midday trading on Friday, hitting $418.70. The company's stock had a trading volume of 5,854,063 shares, compared to its average volume of 3,533,561. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a 50-day moving average price of $385.21 and a two-hundred day moving average price of $371.46. The company has a market cap of $416.77 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.90 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the firm earned $4.60 EPS. 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. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's payout ratio is 62.50%.

Insiders Place Their Bets

In other news, EVP William D. Bastek sold 3,783 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,532 shares of company stock worth $18,648,987. 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.