Natural Investments LLC Sells 1,194 Shares of The Home Depot, Inc. $HD

Key Points

• Natural Investments LLC reduced its stake in The Home Depot by 6.4%, selling 1,194 shares, and now holds 17,595 shares valued at approximately $6.45 million.
• The Home Depot reported earnings of $4.68 per share for the last quarter, missing estimates, and made $45.28 billion in revenue, which was also below expectations.
• Home Depot announced a quarterly dividend of $2.30 per share, resulting in an annual yield of 2.4%, with an ex-dividend date on September 4th.

Natural Investments LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,595 shares of the home improvement retailer's stock after selling 1,194 shares during the quarter. Home Depot comprises 1.7% of Natural Investments LLC's portfolio, making the stock its 10th biggest holding. Natural Investments LLC's holdings in Home Depot were worth $6,451,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in Home Depot during the 2nd quarter worth $28,000. Abound Financial LLC acquired a new position in Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC lifted its position in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in Home Depot during the 2nd quarter worth $40,000. Finally, GFG Capital LLC acquired a new position in Home Depot during the 2nd quarter worth $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE HD opened at $375.86 on Friday. The stock has a market cap of $374.13 billion, a P/E ratio of 25.53, a PEG ratio of 3.56 and a beta of 1.00. The company's 50-day simple moving average is $403.54 and its 200 day simple moving average is $377.20. 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 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 during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Oppenheimer upped their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home Depot in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Finally, DA Davidson reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $435.42.

Insider Activity

In other Home Depot 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction dated 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 sale, the chief financial officer directly owned 45,455 shares in the company, valued at $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. In the last three months, 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 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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