The Home Depot, Inc. $HD Shares Sold by LongView Wealth Management

Key Points

• LongView Wealth Management has sold 5,264 shares of The Home Depot, reducing its stake by 13.3% during the second quarter, leaving them with 34,168 shares worth $12,527,000.
• Insider sales included CFO Richard V. Mcphail and EVP William D. Bastek, who sold shares totaling approximately $2.33 million, reflecting a decrease in their ownership positions.
• The Home Depot reported a miss on quarterly earnings with $4.68 EPS, below the expected $4.69, and set a fiscal year 2025 EPS guidance at $14.940.

LongView Wealth Management trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,168 shares of the home improvement retailer's stock after selling 5,264 shares during the quarter. Home Depot makes up about 3.8% of LongView Wealth Management's portfolio, making the stock its 3rd biggest holding. LongView Wealth Management's holdings in Home Depot were worth $12,527,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Client 1ST Advisory Group LLC grew its holdings in Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after acquiring an additional 27 shares in the last quarter. Invst LLC lifted its stake in shares of Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after buying an additional 28 shares during the last quarter. Financial Insights Inc. raised its stake in shares of Home Depot by 3.3% in the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares in the last quarter. Wayfinding Financial LLC grew its holdings in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after acquiring an additional 28 shares during the last quarter. Finally, Pure Portfolios Holdings LLC raised its position in shares of Home Depot by 4.7% in the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after acquiring an additional 28 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of HD stock traded down $1.71 during trading hours on Friday, hitting $415.77. 6,709,599 shares of the company's stock were exchanged, compared to its average volume of 3,720,799. 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 company has a market capitalization of $413.85 billion, a PE ratio of 28.25, a PEG ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The business's 50 day simple moving average is $394.94 and its 200-day simple moving average is $373.39.

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 for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the company earned $4.60 EPS. Home Depot's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HD shares. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. JPMorgan Chase & Co. cut their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. DA Davidson reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley boosted their price objective on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, Wolfe Research began coverage on Home Depot in a report on Thursday. They issued an "outperform" rating and a $497.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $435.00.

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.