The Home Depot, Inc. $HD Shares Sold by Arlington Partners LLC

Key Points

• Arlington Partners LLC reduced its stake in Home Depot by 30.2%, owning 7,519 shares worth approximately $2.76 million after selling 3,253 shares in Q2.
• CEO Edward P. Decker and EVP William D. Bastek sold significant amounts of stock, with Decker selling 32,897 shares valued at over $13 million, and Bastek selling 3,783 shares valued at nearly $1.6 million.
• Home Depot recently declared a quarterly dividend of $2.30 per share, which translates to an annualized dividend of $9.20 and a yield of 2.2%.

Arlington Partners LLC reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 30.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,519 shares of the home improvement retailer's stock after selling 3,253 shares during the period. Arlington Partners LLC's holdings in Home Depot were worth $2,757,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HD. Abound Financial LLC bought a new stake in shares of Home Depot during the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its holdings in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot during the second quarter valued at approximately $40,000. Compass Financial Services Inc bought a new stake in shares of Home Depot during the first quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the second quarter valued at approximately $41,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 in the last three months. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

NYSE HD opened at $412.86 on Tuesday. The stock has a market capitalization of $410.96 billion, a P/E ratio of 28.05, a P/E/G ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The business's fifty day moving average is $395.79 and its two-hundred day moving average is $373.58. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last posted 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). The company had revenue of $45.28 billion during 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% on a year-over-year basis. During the same period in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share 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 issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HD shares. Wells Fargo & Company boosted their target price on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. dropped their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Wolfe Research started coverage on Home Depot in a report on Thursday, September 18th. They set an "outperform" rating and a $497.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $435.60.

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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