Glenview Trust co Purchases 1,860 Shares of The Home Depot, Inc. $HD

Key Points

• Glenview Trust co increased its stake in The Home Depot by 4.0%, acquiring an additional 1,860 shares, bringing their total holdings to 48,337 shares valued at approximately $17.7 million.
• Recent insider transactions included CEO Edward P. Decker selling 32,897 shares, representing a 21.18% decrease in ownership, while CFO Richard V. Mcphail sold 3,369 shares, decreasing his stake by 6.90%.
• Analysts have set new price targets for Home Depot, with Guggenheim and Wells Fargo both issuing $450 targets, reflecting a consensus rating of "Moderate Buy".

Glenview Trust co boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,337 shares of the home improvement retailer's stock after purchasing an additional 1,860 shares during the period. Glenview Trust co's holdings in Home Depot were worth $17,715,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HD. Brighton Jones LLC increased its holdings in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after acquiring an additional 565 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $2,549,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Home Depot by 1.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 167,004 shares of the home improvement retailer's stock valued at $64,963,000 after acquiring an additional 2,543 shares in the last quarter. Finally, Napa Wealth Management grew its holdings in shares of Home Depot by 937.9% in the 4th quarter. Napa Wealth Management now owns 5,397 shares of the home improvement retailer's stock valued at $2,099,000 after acquiring an additional 4,877 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,532 shares of company stock valued at $18,648,987. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Wells Fargo & Company raised their price objective on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Morgan Stanley raised their price objective on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Truist Financial raised their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Trading Down 1.1%

Shares of NYSE:HD opened at $415.53 on Wednesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a market capitalization of $413.61 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.98 and a beta of 1.00. The company has a 50-day simple moving average of $387.12 and a 200 day simple moving average of $371.68. 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 issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates 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 was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's dividend payout ratio (DPR) is 62.50%.

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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