Nearwater Capital Markets Ltd Decreases Position in The Home Depot, Inc. $HD

Key Points

• Nearwater Capital Markets Ltd has drastically reduced its position in The Home Depot, Inc. by 80%, selling 80,000 shares and now holding only 20,000 shares valued at approximately $7.33 million.
• Home Depot recently reported quarterly earnings of $4.68 EPS, slightly missing consensus estimates, with revenue of $45.28 billion, reflecting a year-over-year increase of 4.9%.
• The company will pay a quarterly dividend of $2.30 per share on September 18th, with a dividend payout ratio of 62.50% and an annualized yield of 2.2%.

Nearwater Capital Markets Ltd trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 80.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the home improvement retailer's stock after selling 80,000 shares during the quarter. Nearwater Capital Markets Ltd's holdings in Home Depot were worth $7,330,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Home Depot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock worth $35,360,494,000 after acquiring an additional 720,447 shares during the last quarter. Asset Planning Services Inc. LA ADV grew its holdings in Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Home Depot by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after purchasing an additional 891,326 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the period. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $9,941,924.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on HD. Jefferies Financial Group lowered their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. TD Securities downgraded shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Finally, Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Trading Up 0.3%

Home Depot stock traded up $1.25 during trading hours on Monday, reaching $420.20. The stock had a trading volume of 3,740,170 shares, compared to its average volume of 3,709,986. The stock has a market cap of $418.26 billion, a PE ratio of 28.55, a PEG ratio of 3.97 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a fifty day simple moving average of $386.27 and a 200-day simple moving average of $371.38.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

About Home Depot

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.