Stratos Investment Management LLC Sells 4,551 Shares of The Home Depot, Inc. $HD

Key Points

• Stratos Investment Management LLC has decreased its stake in The Home Depot by 18.2%, now holding 20,474 shares valued at approximately $7.5 million after selling 4,551 shares in the second quarter.
• The stock has received mixed ratings, with a consensus of "Moderate Buy" and a price target averaging $435.42, according to various analysts, including JPMorgan and Stifel Nicolaus.
• In executive transactions, Teresa Wynn Roseborough sold 5,483 shares for over $2.2 million, indicating a 25.45% decrease in her position, highlighting insider activity amidst ongoing stock performance.

Stratos Investment Management LLC reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,474 shares of the home improvement retailer's stock after selling 4,551 shares during the quarter. Stratos Investment Management LLC's holdings in Home Depot were worth $7,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SilverOak Wealth Management LLC grew its stake in shares of Home Depot by 33.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 860 shares of the home improvement retailer's stock worth $315,000 after buying an additional 216 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Home Depot by 1.2% in the second quarter. Nordea Investment Management AB now owns 948,793 shares of the home improvement retailer's stock worth $347,125,000 after acquiring an additional 11,709 shares during the last quarter. TFC Financial Management Inc. increased its holdings in shares of Home Depot by 2.7% during the second quarter. TFC Financial Management Inc. now owns 1,974 shares of the home improvement retailer's stock valued at $724,000 after acquiring an additional 51 shares in the last quarter. Consilio Wealth Advisors LLC increased its holdings in shares of Home Depot by 6.3% during the second quarter. Consilio Wealth Advisors LLC now owns 1,111 shares of the home improvement retailer's stock valued at $410,000 after acquiring an additional 66 shares in the last quarter. Finally, Harbor Asset Planning Inc. purchased a new position in shares of Home Depot in the 2nd quarter worth about $683,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HD shares. JPMorgan Chase & Co. reduced their price objective 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. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 18th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Truist Financial increased their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Wolfe Research assumed coverage on Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $435.42.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the 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 transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.2%

NYSE:HD opened at $387.40 on Friday. The company has a market cap of $385.61 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 3.68 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. The company has a 50 day simple moving average of $403.62 and a two-hundred day simple moving average of $377.73. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

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 for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm 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%. Home Depot's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 yield of 2.4%. Home Depot's dividend payout ratio is currently 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.

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