The Home Depot, Inc. $HD is Bahl & Gaynor Inc.'s 9th Largest Position

Key Points

• Bahl & Gaynor Inc. has a position of approximately $463.72 million in The Home Depot, representing about 2.4% of its portfolio after trimming its stake by 1.7% in the first quarter.
• CEO Edward P. Decker sold 32,897 shares for over $13 million, marking a 21.18% decrease in his holdings of the company stock.
• The Home Depot recently declared a quarterly dividend of $2.30 per share, with an annualized yield of 2.2%, reflecting its continued commitment to returning value to shareholders.

Bahl & Gaynor Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265,292 shares of the home improvement retailer's stock after selling 22,234 shares during the quarter. Home Depot comprises 2.4% of Bahl & Gaynor Inc.'s holdings, making the stock its 9th largest holding. Bahl & Gaynor Inc. owned 0.13% of Home Depot worth $463,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Financial Gravity Asset Management Inc. purchased a new stake in Home Depot during the 1st quarter valued at about $406,000. Wealth Management Partners LLC raised its stake in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares during the period. Arbor Capital Management Inc. ADV increased its stake in shares of Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after purchasing an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC increased its stake in Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after buying an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new position in Home Depot in the 1st quarter valued at $5,886,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.6%

Home Depot stock traded down $2.46 during trading on Thursday, hitting $405.79. The company had a trading volume of 1,056,247 shares, compared to its average volume of 3,540,544. The stock has a market cap of $403.73 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company's 50 day simple moving average is $378.04 and its 200-day simple moving average is $371.50.

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 analysts' consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HD shares. JPMorgan Chase & Co. lowered their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Mizuho upped their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Jefferies Financial Group decreased their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Wells Fargo & Company lifted their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research report 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction on 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 completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were 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 owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is owned by corporate 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.