Eagle Global Advisors LLC Sells 1,618 Shares of The Home Depot, Inc. $HD

Key Points

• Eagle Global Advisors LLC reduced its holdings in The Home Depot by 2.6%, selling 1,618 shares during the second quarter, leading to total holdings of 61,065 shares valued at approximately $22.39 million.
• Insider transactions revealed significant stock sales, with CFO Richard V. Mcphail and CEO Edward P. Decker selling a combined 36,266 shares for over $14.4 million, indicating a 6.9% and 21.18% decrease in their share ownership respectively.
• Home Depot's latest earnings report showed an EPS of $4.68, slightly below forecasts, with revenue of $45.28 billion, while the company announced a quarterly dividend of $2.30 per share.

Eagle Global Advisors LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,065 shares of the home improvement retailer's stock after selling 1,618 shares during the quarter. Home Depot comprises 0.9% of Eagle Global Advisors LLC's investment portfolio, making the stock its 24th largest position. Eagle Global Advisors LLC's holdings in Home Depot were worth $22,389,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Home Depot by 0.8% during 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 purchasing an additional 720,447 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted its position in shares of 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 valued at $6,954,431,000 after purchasing an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $5,282,398,000 after purchasing an additional 891,326 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 valued at $37,517,230,000 after purchasing an additional 10,210,851 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of 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 valued at $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was 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 $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the business's 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 completion of the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.7%

Shares of NYSE:HD opened at $410.16 on Friday. The stock has a fifty day simple moving average of $399.85 and a two-hundred day simple moving average of $374.61. The stock has a market capitalization of $408.27 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.86 and a beta of 1.00. 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 announced its quarterly earnings data 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). The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 EPS. 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 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HD. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. DA Davidson restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Oppenheimer lifted their price target on Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research report on Thursday. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Mizuho lifted their price objective on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $436.40.

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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