The Home Depot, Inc. $HD Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC reduced its stake in The Home Depot, Inc. by 4.3%, now owning 19,956 shares worth about $7.3 million.
• Insider trading reports indicate significant sales by executives, with 48,835 shares worth over $19 million sold in the past ninety days.
• The Home Depot's recent earnings report showed $4.68 EPS, slightly missing expectations, while quarterly revenue was up 4.9% year-over-year.

International Assets Investment Management LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,956 shares of the home improvement retailer's stock after selling 888 shares during the period. International Assets Investment Management LLC's holdings in Home Depot were worth $7,317,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HD. Asset Planning Services Inc. LA ADV increased its position 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 worth $6,954,431,000 after acquiring an additional 18,956,701 shares in the last quarter. Nuveen LLC acquired a new stake in Home Depot in the first quarter valued at approximately $2,076,592,000. Valeo Financial Advisors LLC lifted its stake in shares of Home Depot by 16,746.9% in the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer's stock worth $1,663,768,000 after buying an additional 4,510,944 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Home Depot in the second quarter worth $418,486,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following 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. Over the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of HD opened at $391.79 on Friday. The stock has a market capitalization of $389.98 billion, a P/E ratio of 26.62, a P/E/G ratio of 3.72 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. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a 50 day moving average of $403.70 and a 200-day moving average of $377.97.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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). The company 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%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 annualized dividend and a yield of 2.3%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Wolfe Research began 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. Mizuho upped their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Weiss Ratings restated a "buy (b)" rating on shares of Home Depot in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.42.

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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