Livforsakringsbolaget Skandia Omsesidigt Sells 2,740 Shares of The Home Depot, Inc. $HD

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in Home Depot by 12.0% during the 2nd quarter, selling 2,740 shares, leaving it with a total of 20,184 shares valued at approximately $7.4 million.
• Home Depot reported earnings of $4.68 per share for the last quarter, slightly missing analyst expectations of $4.69, while its revenue was $45.28 billion, below estimates of $45.43 billion.
• The company announced a quarterly dividend of $2.30 per share, contributing to an annualized dividend yield of 2.2% and a payout ratio of 62.50%.

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,184 shares of the home improvement retailer's stock after selling 2,740 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Home Depot were worth $7,400,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Abound Financial LLC bought a new stake in Home Depot in the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC lifted its stake in 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 acquiring an additional 46 shares in the last quarter. Compass Financial Services Inc bought a new stake in Home Depot in the 1st quarter valued at approximately $41,000. Livelsberger Financial Advisory bought a new stake in Home Depot in the 2nd quarter valued at approximately $41,000. Finally, Quest 10 Wealth Builders Inc. lifted its stake in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 0.0%

HD stock opened at $422.88 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm has a market capitalization of $420.93 billion, a PE ratio of 28.73, a PEG ratio of 4.01 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business's 50 day simple moving average is $391.13 and its 200 day simple moving average is $372.40.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business 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 firm's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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 dividend of $2.30 per share. 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 payout ratio is presently 62.50%.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business'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 transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $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. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last three months. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on HD. Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Guggenheim reaffirmed a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, Evercore ISI set a $400.00 price target on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $432.52.

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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