The Home Depot, Inc. $HD Position Reduced by Riverview Trust Co

Key Points

• Riverview Trust Co significantly reduced its stake in The Home Depot by 91.3%, holding only 75 shares after selling 785 shares in the second quarter, valued at approximately $27,000.
• Home Depot reported Q2 earnings of $4.68 per share, missing estimates by $0.01, with revenues at $45.28 billion, also below the forecast of $45.43 billion.
• The company declared a quarterly dividend of $2.30 per share, with an annualized yield of 2.3% and a payout ratio of 62.50%.

Riverview Trust Co lessened its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 91.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75 shares of the home improvement retailer's stock after selling 785 shares during the period. Riverview Trust Co's holdings in Home Depot were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Asset Planning Services Inc. LA ADV increased its holdings in shares of Home Depot by 99,400.7% in the first 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 buying an additional 18,956,701 shares in the last quarter. Nuveen LLC acquired a new position in shares of Home Depot in the 1st quarter valued at about $2,076,592,000. Price T Rowe Associates Inc. MD grew its position in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Home Depot during the second quarter worth $418,486,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after acquiring an additional 891,326 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. 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 report on Wednesday, August 20th. DA Davidson reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $436.40.

Home Depot Stock Performance

HD opened at $397.46 on Thursday. 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 business's 50-day moving average price is $401.81 and its two-hundred day moving average price is $375.61. The company has a market capitalization of $395.63 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.84 and a beta of 1.01.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) 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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