Osterweis Capital Management Inc. Has $376,000 Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Osterweis Capital Management Inc. has significantly reduced its stake in Home Depot, selling 1,828 shares and now holding 1,027 shares worth $376,000, representing a 64% decrease during Q1.
• In recent analyst updates, several firms, including Mizuho and Stifel Nicolaus, raised their price targets for Home Depot, now averaging at $432.52 with a consensus rating of "Moderate Buy."
• Home Depot declared a quarterly dividend of $2.30, with a record date of September 4th, resulting in an annualized dividend yield of 2.2% and a payout ratio of 62.5%.

Osterweis Capital Management Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 64.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,027 shares of the home improvement retailer's stock after selling 1,828 shares during the quarter. Osterweis Capital Management Inc.'s holdings in Home Depot were worth $376,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ransom Advisory Ltd acquired a new position in shares of Home Depot in the 1st quarter valued at $3,851,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Home Depot in the 1st quarter valued at $406,000. Wealth Management Partners LLC lifted its stake in shares of Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV lifted its stake in shares of Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Home Depot by 4.1% in the 1st quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer's stock valued at $155,131,000 after purchasing an additional 16,654 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Morgan Stanley increased their price target on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Mizuho increased their price target on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Finally, TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. One equities research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Stock Performance

Shares of Home Depot stock opened at $423.37 on Friday. The stock's fifty day simple moving average is $388.99 and its 200 day simple moving average is $372.26. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market capitalization of $421.42 billion, a PE ratio of 28.76, a PEG ratio of 3.92 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the business earned $4.60 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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 paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of Home Depot 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 in the company, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by company insiders.

Home Depot Company 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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