The Home Depot, Inc. $HD Shares Sold by Farmers Trust Co.

Key Points

• Farmers Trust Co. sold 939 shares of The Home Depot, reducing its stake by 11.1%, leaving it with 7,553 shares valued at approximately $2.77 million.
• In recent transactions, insiders, including EVP William D. Bastek and CFO Richard V. Mcphail, sold a total of 48,835 shares, indicating a trend of insider selling at the company.
• Home Depot reported $4.68 EPS for the latest quarter, slightly below expectations, with revenue also missing forecasts at $45.28 billion.

Farmers Trust Co. reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,553 shares of the home improvement retailer's stock after selling 939 shares during the period. Farmers Trust Co.'s holdings in Home Depot were worth $2,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HD. Abound Financial LLC purchased a new position in Home Depot in the first quarter valued at $31,000. Iron Horse Wealth Management LLC raised its position in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the second quarter worth about $40,000. Compass Financial Services Inc purchased a new stake in shares of Home Depot during the first quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company's stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction dated 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 sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.7%

Shares of NYSE:HD opened at $412.86 on Tuesday. The company has a market cap of $410.96 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 3.94 and a beta of 1.00. The firm's 50-day simple moving average is $395.79 and its 200-day simple moving average is $373.58. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. 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 2.2%. Home Depot's payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. Truist Financial boosted their target price 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. TD Securities downgraded Home Depot to a "buy" rating in a report on Monday, June 2nd. Wolfe Research assumed coverage on Home Depot in a research note on Thursday, September 18th. They set an "outperform" rating and a $497.00 target price for the company. Stifel Nicolaus boosted their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.60.

Home Depot 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.