The Home Depot, Inc. $HD Shares Sold by Diversified Trust Co

Key Points

• Diversified Trust Co has decreased its stake in The Home Depot, Inc. by 11.5%, now owning approximately $14.94 million worth of shares after selling 5,297 shares in the second quarter.
• Analysts have shown strong optimism for Home Depot's stock, with several institutions raising their target prices, leading to a current average price target of $435.00 and a consensus rating of "Moderate Buy."
• Recent insider trades saw executives sell significant quantities of shares, with EVP William D. Bastek selling 3,783 shares for roughly $1.55 million, reflecting a 13.50% decrease in his position.

Diversified Trust Co cut its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,737 shares of the home improvement retailer's stock after selling 5,297 shares during the period. Diversified Trust Co's holdings in Home Depot were worth $14,936,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in Home Depot by 178.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 884,220 shares of the home improvement retailer's stock valued at $324,190,000 after acquiring an additional 566,620 shares during the period. Bell Bank increased its stake in Home Depot by 10.2% in the second quarter. Bell Bank now owns 5,864 shares of the home improvement retailer's stock valued at $2,150,000 after acquiring an additional 545 shares during the last quarter. Luts & Greenleigh Group Inc. boosted its position in Home Depot by 0.9% during the second quarter. Luts & Greenleigh Group Inc. now owns 4,859 shares of the home improvement retailer's stock valued at $1,781,000 after buying an additional 42 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Home Depot by 16.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,724 shares of the home improvement retailer's stock worth $9,797,000 after purchasing an additional 3,800 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new position in Home Depot in the second quarter worth about $418,486,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD traded down $1.71 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 company's fifty day moving average price is $394.94 and its 200 day moving average price is $373.39. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock has a market cap of $413.85 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the business earned $4.60 EPS. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share 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 paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HD shares. Wells Fargo & Company raised 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. TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. 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 boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Truist Financial lifted their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $435.00.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company's stock.

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.