Campbell Newman Asset Management Inc. Sells 1,276 Shares of The Home Depot, Inc. $HD

Key Points

• Campbell Newman Asset Management Inc. reduced its stake in The Home Depot by 13.2%, selling 1,276 shares during the second quarter and now holding 8,384 shares worth approximately $3,074,000.
• Home Depot's CEO, Edward P. Decker, and CFO, Richard V. Mcphail, sold significant amounts of stock in August, decreasing their ownership by 21.18% and 6.90%, respectively.
• Home Depot's recent earnings report showed a miss with an EPS of $4.68 compared to the expected $4.69; the company also announced a quarterly dividend of $2.30.

Campbell Newman Asset Management Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,384 shares of the home improvement retailer's stock after selling 1,276 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Home Depot were worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Client 1ST Advisory Group LLC boosted its holdings in shares of Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after purchasing an additional 27 shares during the period. Financial Insights Inc. boosted its position in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after acquiring an additional 28 shares in the last quarter. Wayfinding Financial LLC grew its holdings in shares of Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after acquiring an additional 28 shares during the period. Pure Portfolios Holdings LLC grew its holdings in shares of Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after acquiring an additional 28 shares during the period. Finally, First Interstate Bank raised its position in shares of Home Depot by 0.3% in the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock worth $3,306,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the 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 sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Stifel Nicolaus upped their target price 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. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Wolfe Research assumed coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an "outperform" rating and a $497.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One equities 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's stock. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $436.40.

Home Depot Stock Performance

Shares of HD stock opened at $406.70 on Tuesday. The company has a market capitalization of $404.82 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 3.89 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company's 50-day moving average is $400.71 and its 200 day moving average is $375.25.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 EPS. The company's quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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.

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