Community Trust & Investment Co. Has $5.16 Million Position in The Home Depot, Inc. $HD

Key Points

• Community Trust & Investment Co. increased its stake in The Home Depot, Inc. by 10.2% during Q2, now holding 14,084 shares valued at approximately $5.16 million.
• Home Depot reported EPS of $4.68 for the last quarter, slightly missing analyst expectations and showing a 4.9% year-over-year revenue growth.
• The company announced a quarterly dividend of $2.30 per share, translating to an annualized yield of 2.2%, with a payout ratio of 62.50%.

Community Trust & Investment Co. increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,084 shares of the home improvement retailer's stock after buying an additional 1,308 shares during the quarter. Community Trust & Investment Co.'s holdings in Home Depot were worth $5,164,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Home Depot by 5.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 628,710 shares of the home improvement retailer's stock valued at $233,679,000 after purchasing an additional 29,725 shares during the period. Strathmore Capital Advisors Inc. bought a new stake in Home Depot during the second quarter valued at approximately $852,000. Atticus Wealth Management LLC increased its stake in Home Depot by 36.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 4,497 shares of the home improvement retailer's stock worth $1,649,000 after buying an additional 1,211 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in Home Depot by 1.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 371,534 shares of the home improvement retailer's stock worth $136,219,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in Home Depot by 2.2% during the second quarter. Wedmont Private Capital now owns 13,745 shares of the home improvement retailer's stock worth $5,100,000 after purchasing an additional 295 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HD shares. DA Davidson restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley lifted their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Wolfe Research began coverage on shares of Home Depot in a research note on Thursday. They set an "outperform" rating and a $497.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $435.00.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company's stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 122,425 shares of the company's stock, 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. Over the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Down 0.4%

Shares of NYSE:HD traded down $1.71 during mid-day trading on Friday, hitting $415.77. The company had a trading volume of 6,709,599 shares, compared to its average volume of 3,720,799. The firm has a fifty day moving average price of $394.94 and a 200 day moving average price of $373.39. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. 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 company has a market capitalization of $413.85 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00.

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

Home Depot Dividend Announcement

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