Capital Insight Partners LLC Has $4.23 Million Stock Position in The Home Depot, Inc. $HD

Key Points

• Capital Insight Partners LLC reduced its stake in The Home Depot, Inc. by 5.4%, holding 11,546 shares valued at approximately $4.23 million as of the latest SEC filing.
• Insider trading reports revealed significant sales, with EVP William D. Bastek selling 3,783 shares for over $1.55 million, and EVP Teresa Wynn Roseborough selling 5,483 shares for about $2.26 million.
• Home Depot announced a quarterly dividend of $2.30 per share, reflecting a 2.2% yield, with a payout ratio of 62.5% as part of its fiscal strategy.

Capital Insight Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,546 shares of the home improvement retailer's stock after selling 657 shares during the quarter. Capital Insight Partners LLC's holdings in Home Depot were worth $4,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective on the stock. DA Davidson reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. 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. Morgan Stanley boosted their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, Oppenheimer raised their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research note on Thursday. One investment 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $436.40.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $410.16 on Monday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company's fifty day simple moving average is $399.85 and its 200-day simple moving average is $374.87. The company has a market cap of $408.27 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.89 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.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.