Plato Investment Management Ltd Sells 3,641 Shares of The Home Depot, Inc. $HD

Key Points

• Plato Investment Management Ltd reduced its stake in Home Depot by 14.5%, selling 3,641 shares and now owns 21,396 shares, valued at approximately $7.93 million.
• Home Depot's recent quarterly earnings report showed EPS of $4.68, slightly missing expectations, with a revenue of $45.28 billion, up 4.9% year-over-year.
• The firm declared a quarterly dividend of $2.30 per share, with an annualized yield of 2.2%, payable on September 18th to investors of record on September 4th.

Plato Investment Management Ltd lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,396 shares of the home improvement retailer's stock after selling 3,641 shares during the quarter. Home Depot comprises 0.7% of Plato Investment Management Ltd's investment portfolio, making the stock its 24th biggest holding. Plato Investment Management Ltd's holdings in Home Depot were worth $7,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in HD. Abound Financial LLC acquired a new position in Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC grew its stake in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 46 shares during the period. Quest 10 Wealth Builders Inc. increased its holdings in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after acquiring an additional 30 shares in the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $45,000. Finally, Vega Investment Solutions bought a new position in shares of Home Depot in the 4th quarter worth $46,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Morgan Stanley lifted their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Jefferies Financial Group lowered their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Mizuho raised their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. One 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 MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Down 1.1%

Home Depot stock opened at $415.53 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm's 50-day simple moving average is $387.12 and its 200 day simple moving average is $371.68. The stock has a market cap of $413.61 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.98 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). 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 analysts' expectations of $45.43 billion. During the same quarter last year, the business posted $4.60 EPS. The company's quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared 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%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by 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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