Neville Rodie & Shaw Inc. Reduces Stake in The Home Depot, Inc. $HD

Key Points

• Neville Rodie & Shaw Inc. has reduced its stake in The Home Depot, Inc. by 8.1%, holding 43,320 shares worth approximately $15.88 million according to its latest filing.
• Insider selling activity includes Home Depot's EVP and CEO, with total insider sales of 46,532 shares worth nearly $18.65 million over the last quarter.
• Home Depot reported a slight earnings miss in its latest quarterly results, with earnings per share of $4.68 against an expected $4.69, and total revenue of $45.28 billion versus a forecast of $45.43 billion.

Neville Rodie & Shaw Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,320 shares of the home improvement retailer's stock after selling 3,840 shares during the period. Home Depot makes up about 1.2% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 23rd largest holding. Neville Rodie & Shaw Inc.'s holdings in Home Depot were worth $15,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Client 1ST Advisory Group LLC grew its holdings in shares of Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after buying an additional 27 shares during the last quarter. Invst LLC raised its position in shares of Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after purchasing an additional 28 shares during the last quarter. Financial Insights Inc. raised its position in shares of Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after purchasing an additional 28 shares during the last quarter. Wayfinding Financial LLC grew its stake in Home Depot by 1.2% in 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 period. Finally, Pure Portfolios Holdings LLC grew its stake in shares of Home Depot by 4.7% during the 1st 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. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other news, 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 value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Up 0.0%

HD traded up $0.19 during mid-day trading on Monday, hitting $422.88. The stock had a trading volume of 4,884,093 shares, compared to its average volume of 3,826,500. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year 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 stock's fifty day simple moving average is $391.13 and its 200-day simple moving average is $372.40. The firm has a market capitalization of $420.93 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for 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%.The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $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 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Wells Fargo & Company raised their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Jefferies Financial Group decreased their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Mizuho lifted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One 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. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

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.