Banque Transatlantique SA Sells 115,339 Shares of The Home Depot, Inc. $HD

Key Points

• Banque Transatlantique SA decreased its holdings in The Home Depot, Inc. by 43.0%, selling 115,339 shares, leaving it with 152,998 shares, which now constitutes 1.0% of its portfolio.
• Several institutional investors have changed their stakes in Home Depot, with notable increases from Iron Horse Wealth Management (up 86.8%) and Quest 10 Wealth Builders (up 35.7%).
• The Home Depot reported Q2 earnings of $4.68 per share, slightly missing the consensus estimate, with revenue growth of 4.9% year-over-year, and announced a quarterly dividend of $2.30 per share.

Banque Transatlantique SA trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 43.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,998 shares of the home improvement retailer's stock after selling 115,339 shares during the quarter. Home Depot makes up 1.0% of Banque Transatlantique SA's portfolio, making the stock its 20th biggest holding. Banque Transatlantique SA's holdings in Home Depot were worth $51,818,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. JPMorgan Chase & Co. lowered their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $432.52.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 3,783 shares of the company's stock in a transaction 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 sale, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot 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 completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,532 shares of company stock worth $18,648,987 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of 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 company has a market capitalization of $416.77 billion, a PE ratio of 28.44, a PEG 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 Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a 50 day moving average price of $385.21 and a 200 day moving average price of $371.29.

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 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the company posted $4.60 EPS. The firm's quarterly revenue 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, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot's dividend payout ratio is 62.50%.

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.