Hartford Investment Management Co. Has $21.99 Million Stock Position in The Home Depot, Inc. $HD

Key Points

• Hartford Investment Management Co. decreased its stake in The Home Depot by 1.1%, owning 59,963 shares valued at approximately $21.99 million as of the end of the most recent quarter.
• The Home Depot reported $4.68 EPS for the last quarter, missing analyst estimates by $0.01, while its revenue for the period reached $45.28 billion.
• Home Depot recently announced a quarterly dividend of $2.30 per share, resulting in an annualized dividend yield of 2.3% and a payout ratio of 62.50%.

Hartford Investment Management Co. decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,963 shares of the home improvement retailer's stock after selling 642 shares during the period. Home Depot makes up 0.7% of Hartford Investment Management Co.'s portfolio, making the stock its 21st largest position. Hartford Investment Management Co.'s holdings in Home Depot were worth $21,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC grew its holdings in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot in the 2nd quarter valued at $40,000. Compass Financial Services Inc acquired a new position in shares of Home Depot in the 1st quarter valued at $41,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot in the 2nd quarter worth $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

NYSE:HD opened at $407.43 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock's 50-day simple moving average is $398.84 and its 200 day simple moving average is $374.32. The company has a market cap of $405.55 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.88 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's payout ratio is currently 62.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HD. Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Wolfe Research began coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price for the company. Oppenheimer upped their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research note on Thursday. Finally, Stifel Nicolaus upped their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $436.40.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value 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. This represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

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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