The Home Depot, Inc. $HD Shares Sold by First Long Island Investors LLC

Key Points

• First Long Island Investors LLC reduced its stake in The Home Depot, Inc. by 17.5%, now holding 42,225 shares valued at approximately $15.5 million, as noted in a recent SEC filing.
• The company reported earnings of $4.68 per share for the latest quarter, falling slightly short of the consensus estimate, and had a year-over-year revenue growth of 4.9%.
• Home Depot declared a quarterly dividend of $2.30 per share, with an annualized dividend yield of 2.2%, reflecting a payout ratio of 62.50%.

First Long Island Investors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,225 shares of the home improvement retailer's stock after selling 8,947 shares during the period. First Long Island Investors LLC's holdings in Home Depot were worth $15,475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in 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 in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares in the last quarter. Quadcap Wealth Management LLC increased its holdings in Home Depot by 7.4% in the 4th quarter. Quadcap Wealth Management LLC now owns 2,191 shares of the home improvement retailer's stock valued at $852,000 after purchasing an additional 151 shares in the last quarter. ProShare Advisors LLC increased its holdings in Home Depot by 29.3% in the 4th quarter. ProShare Advisors LLC now owns 294,223 shares of the home improvement retailer's stock valued at $114,450,000 after purchasing an additional 66,714 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in Home Depot in the 4th quarter valued at $20,616,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD stock opened at $423.37 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company's 50-day simple moving average is $388.99 and its 200-day simple moving average is $372.26. The stock has a market capitalization of $421.42 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 3.92 and a beta of 1.00.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,532 shares of company stock valued at $18,648,987. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HD. Mizuho increased their price target on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Gordon Haskett raised their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Morgan Stanley raised their target price on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada lowered their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One 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 company's stock. Based on data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

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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