IFM Investors Pty Ltd Lowers Stock Position in The Home Depot, Inc. $HD

Key Points

• IFM Investors Pty Ltd decreased its stake in The Home Depot, Inc. by 0.5%, now holding 184,673 shares valued at approximately $67.68 million.
• Several institutional investors have significantly altered their positions in Home Depot, with Brighton Jones LLC increasing its stake by 36.5% during the last quarter.
• Home Depot announced a quarterly dividend of $2.30 per share, set to be paid on September 18, representing an annualized dividend yield of 2.2%.

IFM Investors Pty Ltd reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,673 shares of the home improvement retailer's stock after selling 956 shares during the period. Home Depot comprises approximately 0.7% of IFM Investors Pty Ltd's portfolio, making the stock its 23rd biggest holding. IFM Investors Pty Ltd's holdings in Home Depot were worth $67,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Home Depot by 36.5% in 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 during the last quarter. Bank Pictet & Cie Europe AG raised its position in 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 worth $4,747,000 after buying an additional 565 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in Home Depot in the 4th quarter worth about $2,549,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 worth $64,963,000 after buying an additional 2,543 shares during the last quarter. Finally, Napa Wealth Management raised its position in Home Depot by 937.9% in the 4th quarter. Napa Wealth Management now owns 5,397 shares of the home improvement retailer's stock worth $2,099,000 after buying an additional 4,877 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HD shares. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities lowered Home Depot to a "buy" rating in a research report on Monday, June 2nd. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Finally, DA Davidson reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $432.52.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 32,897 shares of the firm'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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm'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 sale, the chief financial officer owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock valued at $18,648,987 over the last 90 days. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of NYSE:HD opened at $415.53 on Wednesday. The firm's 50 day moving average price is $387.12 and its 200-day moving average price is $371.68. The stock has a market capitalization of $413.61 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.98 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same period last year, the business earned $4.60 earnings per share. The company'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. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend 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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.