Dorsey & Whitney Trust CO LLC Sells 1,462 Shares of The Home Depot, Inc. $HD

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in The Home Depot by 2.9% during the first quarter, now holding 48,203 shares valued at approximately $17.67 million.
• Several hedge funds, including Aspire Growth Partners LLC and GDS Wealth Management, have increased their positions in Home Depot, indicating continued interest in the stock.
• Recent analyst ratings for Home Depot include a target price range from $399.00 to $450.00, with a current consensus rating of "Moderate Buy."

Dorsey & Whitney Trust CO LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,203 shares of the home improvement retailer's stock after selling 1,462 shares during the period. Home Depot accounts for about 1.0% of Dorsey & Whitney Trust CO LLC's portfolio, making the stock its 20th biggest holding. Dorsey & Whitney Trust CO LLC's holdings in Home Depot were worth $17,666,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Aspire Growth Partners LLC increased its stake in Home Depot by 2.0% during the 1st quarter. Aspire Growth Partners LLC now owns 2,767 shares of the home improvement retailer's stock worth $1,004,000 after acquiring an additional 55 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of Home Depot in the 1st quarter valued at about $480,000. New Harbor Financial Group LLC bought a new stake in Home Depot in the 1st quarter valued at about $366,000. GDS Wealth Management increased its holdings in Home Depot by 7.2% during the 1st quarter. GDS Wealth Management now owns 40,263 shares of the home improvement retailer's stock worth $14,756,000 after purchasing an additional 2,718 shares in the last quarter. Finally, Capital Analysts LLC grew its holdings in shares of Home Depot by 13.5% in the first quarter. Capital Analysts LLC now owns 15,285 shares of the home improvement retailer's stock valued at $5,602,000 after acquiring an additional 1,819 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities cut Home Depot to a "buy" rating in a research note on Monday, June 2nd. Stifel Nicolaus lifted their price objective on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday. Truist Financial lifted their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Gordon Haskett boosted their price objective on shares of 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 issued a Hold rating to the stock. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Trading Up 3.8%

Shares of HD stock traded up $15.2960 during mid-day trading on Friday, reaching $412.9960. 5,283,627 shares of the stock traded hands, compared to its average volume of 3,454,809. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market cap of $410.90 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. The stock's fifty day simple moving average is $374.52 and its two-hundred day simple moving average is $371.57.

Home Depot (NYSE:HD - Get Free Report) last issued its 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 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 company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be 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 of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,672 shares of company stock worth $16,827,675. 0.10% of the stock is currently owned by insiders.

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.