Curi RMB Capital LLC Sells 10,895 Shares of The Home Depot, Inc. $HD

Key Points

• Curi RMB Capital LLC reduced its stake in The Home Depot by 32.0%, selling 10,895 shares, and now holds 23,164 shares valued at approximately $8.49 million.
• CEO Edward P. Decker sold 32,897 shares for over $13 million, resulting in a 21.18% decrease in his position, while CFO Richard V. Mcphail sold 3,369 shares for approximately $1.36 million.
• The Home Depot's recent dividend payout of $2.30 per share represents a 2.2% dividend yield and showcases the company's commitment to returning value to shareholders.

Curi RMB Capital LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 32.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,164 shares of the home improvement retailer's stock after selling 10,895 shares during the period. Curi RMB Capital LLC's holdings in Home Depot were worth $8,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in HD. Abound Financial LLC bought a new position in shares of Home Depot during the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC increased its stake in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the period. Quest 10 Wealth Builders Inc. increased its stake in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares during the period. Spurstone Advisory Services LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $45,000. Finally, Vega Investment Solutions bought a new position in shares of Home Depot during the fourth quarter worth approximately $46,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot 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 transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot 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 approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by company insiders.

Home Depot Trading Up 1.1%

Shares of HD opened at $412.23 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The business's fifty day moving average is $384.20 and its 200-day moving average is $371.35. 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 firm has a market cap of $410.32 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 3.86 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the business posted $4.60 EPS. The company's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm 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 is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Gordon Haskett increased their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Wells Fargo & Company raised their price objective on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada lowered their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, DA Davidson restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $432.52.

About Home Depot

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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