Atalanta Sosnoff Capital LLC Has $57.20 Million Stock Position in The Home Depot, Inc. $HD

Key Points

• Atalanta Sosnoff Capital LLC has reduced its holdings in The Home Depot, Inc. by 1.6%, owning approximately $57.20 million worth of stock, which represents 1.4% of its total portfolio.
• Insider trading at Home Depot saw CEO Edward P. Decker sell 32,897 shares, decreasing his ownership by 21.18%, while the company reported a quarterly earnings miss of one cent at $4.68 EPS.
• Home Depot has announced a quarterly dividend of $2.30 per share, with an annualized yield of 2.3%, to be paid on September 18th.

Atalanta Sosnoff Capital LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,081 shares of the home improvement retailer's stock after selling 2,582 shares during the period. Home Depot comprises approximately 1.4% of Atalanta Sosnoff Capital LLC's investment portfolio, making the stock its 26th biggest holding. Atalanta Sosnoff Capital LLC's holdings in Home Depot were worth $57,202,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Asset Planning Services Inc. LA ADV grew its holdings in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Nuveen LLC acquired a new position in shares of Home Depot in the first quarter worth about $2,076,592,000. Price T Rowe Associates Inc. MD raised its position in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after purchasing an additional 891,326 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity

In related news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,532 shares of company stock worth $18,648,987 over the last ninety days. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD traded up $7.01 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 12-month low of $326.31 and a 12-month high of $439.37. The company has a market capitalization of $416.77 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00. 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 stock has a 50 day moving average of $385.21 and a 200-day moving average of $371.29.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the company posted $4.60 EPS. The business's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business 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 dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HD shares. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Wells Fargo & Company increased their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Royal Bank Of Canada lowered their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Company 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.