The Home Depot, Inc. $HD Shares Sold by GKV Capital Management Co. Inc.

Key Points

• GKV Capital Management Co. Inc. reduced its stake in The Home Depot by 45.0%, now owning 1,100 shares valued at approximately $403,000.
• Other institutional investors have increased their stakes significantly, with Asset Planning Services Inc. LA ADV boosting its holdings by 99,400.7%, now controlling nearly 19 million shares worth nearly $7 billion.
• The Home Depot plans to distribute a quarterly dividend of $2.30 per share, with an annualized dividend yield of 2.3% and a payout ratio of 62.50%.

GKV Capital Management Co. Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 45.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,100 shares of the home improvement retailer's stock after selling 900 shares during the period. GKV Capital Management Co. Inc.'s holdings in Home Depot were worth $403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Home Depot by 0.8% during the 1st 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 in the last quarter. Asset Planning Services Inc. LA ADV lifted its stake in shares of Home Depot by 99,400.7% during the 1st 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 buying an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 6.6% in 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 acquiring an additional 891,326 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Home Depot by 39,194.1% in 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 acquiring an additional 10,210,851 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Home Depot by 19.3% in 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 acquiring an additional 1,494,261 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.1%

NYSE HD traded down $0.41 on Monday, reaching $407.04. 2,210,294 shares of the stock traded hands, compared to its average volume of 3,573,280. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market cap of $405.16 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.86 and a beta of 1.00. The company has a fifty day moving average price of $380.40 and a 200-day moving average price of $370.85. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the prior year, the business posted $4.60 EPS. The business's quarterly 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, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS 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 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio is presently 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated 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 transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on HD. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. TD Securities downgraded Home Depot to a "buy" rating in a research report on Monday, June 2nd. Gordon Haskett boosted their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Jefferies Financial Group lowered their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 price target (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, nineteen 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 target price 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.