Cyrus J. Lawrence LLC Sells 25,569 Shares of The Home Depot, Inc. $HD

Key Points

• Cyrus J. Lawrence LLC significantly reduced its holdings in The Home Depot by 94.5%, selling 25,569 shares and retaining only 1,500 shares valued at approximately $549,000.
• Home Depot recently reported earnings of $4.68 per share, slightly missing analyst expectations, while its revenue increased by 4.9% year-over-year to $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, reflecting a 2.3% dividend yield, with the annualized dividend totaling $9.20.

Cyrus J. Lawrence LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 94.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,500 shares of the home improvement retailer's stock after selling 25,569 shares during the period. Home Depot makes up 2.1% of Cyrus J. Lawrence LLC's portfolio, making the stock its 24th biggest holding. Cyrus J. Lawrence LLC's holdings in Home Depot were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after buying an additional 720,447 shares during the period. Asset Planning Services Inc. LA ADV grew its position in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after buying an additional 891,326 shares in the last quarter. GAMMA Investing LLC grew its position in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $407.04 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a 50 day moving average of $380.40 and a 200-day moving average of $371.14. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $405.16 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the firm posted $4.60 EPS. The business's 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. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's payout ratio is 62.50%.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The shares were 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 approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% 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 valued at $18,648,987 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Guggenheim reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Mizuho lifted 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. Stifel Nicolaus lifted their price objective on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Finally, Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $432.52.

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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