RNC Capital Management LLC Cuts Stake in The Home Depot, Inc. $HD

RNC Capital Management LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 112,843 shares of the home improvement retailer's stock after selling 1,551 shares during the quarter. Home Depot comprises about 2.0% of RNC Capital Management LLC's holdings, making the stock its 22nd biggest holding. RNC Capital Management LLC's holdings in Home Depot were worth $41,373,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Brighton Jones LLC grew its position in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Home Depot by 7.2% during the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer's stock valued at $10,237,000 after acquiring an additional 1,880 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Home Depot by 4.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 15,098 shares of the home improvement retailer's stock valued at $5,533,000 after acquiring an additional 652 shares during the last quarter. Asset Planning Services Inc. LA ADV boosted its holdings in shares of 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 valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its holdings in shares of Home Depot by 93.5% during the 1st quarter. Financial Enhancement Group LLC now owns 1,465 shares of the home improvement retailer's stock valued at $519,000 after acquiring an additional 708 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last 90 days. Company insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.6%

Home Depot stock opened at $388.56 on Thursday. The stock has a market cap of $386.76 billion, a P/E ratio of 26.40, a PEG ratio of 3.71 and a beta of 1.00. 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm's 50 day moving average price is $403.24 and its 200-day moving average price is $378.52.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $45.28 billion for 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 company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot's dividend payout ratio (DPR) is 62.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HD shares. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Truist Financial increased their price objective on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. DA Davidson reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Weiss Ratings restated a "buy (b)" rating on shares of Home Depot in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $435.42.

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.

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