Matauro LLC Sells 780 Shares of The Home Depot, Inc. $HD

Key Points

• Matauro LLC reduced its holdings in Home Depot by 20.0%, selling 780 shares in the second quarter, now owning a total of 3,116 shares valued at approximately $1.14 million.
• Home Depot's latest earnings report revealed $4.68 earnings per share, falling short of estimates by one cent, with quarterly revenue of $45.28 billion.
• The company declared a $2.30 quarterly dividend with a current yield of 2.3%, indicating a dividend payout ratio of 62.50%.

Matauro LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 20.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,116 shares of the home improvement retailer's stock after selling 780 shares during the period. Matauro LLC's holdings in Home Depot were worth $1,143,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Client 1ST Advisory Group LLC lifted its stake in shares of Home Depot by 1.5% in the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock valued at $688,000 after buying an additional 27 shares during the period. Financial Insights Inc. lifted its stake in shares of Home Depot by 3.3% in the first 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 during the period. Wayfinding Financial LLC lifted its stake in shares of Home Depot by 1.2% in the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the period. Pure Portfolios Holdings LLC lifted its stake in shares of Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares during the period. Finally, First Interstate Bank lifted its stake in shares of Home Depot by 0.3% in the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after buying an additional 28 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $394.56 on Friday. The firm has a market cap of $392.74 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 3.76 and a beta of 1.00. The company has a 50 day moving average of $402.24 and a 200-day moving average of $375.89. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted 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). The firm 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 business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued 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 dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HD shares. Robert W. Baird increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Oppenheimer increased their price target on shares of Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research report on Thursday, September 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, DA Davidson reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $436.40.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last quarter. Company insiders own 0.10% of the company's stock.

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.

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