Dover Advisors LLC Lowers Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Dover Advisors LLC reduced its stake in The Home Depot by 21.3%, now holding approximately 5,999 shares valued at $2.2 million, making it the 28th largest holding in their portfolio.
• Insider transactions include Angie Brown selling 1,000 shares and Teresa Wynn Roseborough selling 5,483 shares, leading to significant decreases in their ownership percentages.
• Home Depot recently announced a quarterly dividend of $2.30 per share, with an annual yield of 2.2%, while also facing a slight miss in earnings per share for the last quarter.

Dover Advisors LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 21.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,999 shares of the home improvement retailer's stock after selling 1,627 shares during the period. Home Depot makes up approximately 1.0% of Dover Advisors LLC's portfolio, making the stock its 28th biggest holding. Dover Advisors LLC's holdings in Home Depot were worth $2,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Abound Financial LLC bought a new position in shares of Home Depot during the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC grew its position in 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 valued at $36,000 after acquiring an additional 46 shares during the last quarter. Compass Financial Services Inc purchased a new position in shares of Home Depot during the first quarter worth approximately $41,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the second quarter worth approximately $41,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were 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 directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of HD opened at $422.88 on Tuesday. The company has a market cap of $420.93 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 4.01 and a beta of 1.00. The business's fifty day simple moving average is $391.13 and its two-hundred day simple moving average is $372.40. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate 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 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 earnings per share. Home Depot's quarterly revenue 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. Research analysts anticipate 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 will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. 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 is currently 62.50%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HD shares. Truist Financial raised their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company increased their price objective on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Stifel Nicolaus lifted their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Finally, Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $432.52.

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.

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