Infusive Asset Management Inc. Decreases Stake in The Home Depot, Inc. $HD

Key Points

• Infusive Asset Management Inc. reduced its stake in The Home Depot by 12.6%, now holding 17,451 shares valued at approximately $6.4 million, representing 3.0% of its investment portfolio.
• Home Depot reported Q2 earnings of $4.68 per share, slightly missing analysts' expectations of $4.69, while revenues rose 4.9% year-over-year.
• The company announced a quarterly dividend of $2.30 per share, set to be paid on September 18th, with an annualized yield of 2.2% and a payout ratio of 62.50%.

Infusive Asset Management Inc. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,451 shares of the home improvement retailer's stock after selling 2,516 shares during the period. Home Depot makes up about 3.0% of Infusive Asset Management Inc.'s portfolio, making the stock its 12th largest position. Infusive Asset Management Inc.'s holdings in Home Depot were worth $6,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC bought a new position in Home Depot during the first quarter worth about $31,000. Iron Horse Wealth Management LLC lifted its position in 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 purchasing an additional 46 shares during the last quarter. Quest 10 Wealth Builders Inc. raised its stake in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after acquiring an additional 30 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of Home Depot during the fourth quarter worth approximately $45,000. Finally, Vega Investment Solutions purchased a new position in shares of Home Depot during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 1.7%

NYSE:HD traded up $7.01 during mid-day trading on Friday, reaching $418.70. The company's stock had a trading volume of 5,854,063 shares, compared to its average volume of 3,709,986. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a fifty day moving average of $385.21 and a 200-day moving average of $371.13. The firm has a market capitalization of $416.77 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price objective on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. 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 research report on Wednesday, August 20th. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Stifel Nicolaus upped their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, Gordon Haskett increased their target price on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was 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 approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,532 shares of company stock worth $18,648,987. Corporate insiders own 0.10% of the company's stock.

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.