The Home Depot, Inc. $HD Shares Sold by Mather Group LLC.

Key Points

• Mather Group LLC reduced its stake in The Home Depot by 4.6%, holding 15,191 shares valued at approximately $5.57 million after selling 736 shares in the second quarter.
• Analyst ratings for Home Depot have been positive, with price target upgrades from several firms, setting the consensus target at $437.08 and a rating of "Moderate Buy."
• Home Depot recently announced a quarterly dividend of $2.30 per share, reflecting an annualized yield of 2.2% with a payout ratio of 62.5%.

Mather Group LLC. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 15,191 shares of the home improvement retailer's stock after selling 736 shares during the quarter. Mather Group LLC.'s holdings in Home Depot were worth $5,570,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC boosted its position in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new position in Home Depot during the 2nd quarter worth $40,000. Compass Financial Services Inc acquired a new position in Home Depot during the 1st quarter worth $41,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. DA Davidson restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $437.08.

Insider Activity

In related news, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction 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 directly owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.3%

Shares of Home Depot stock opened at $409.77 on Thursday. The stock's fifty day moving average is $397.87 and its 200-day moving average is $374.09. The firm has a market capitalization of $407.88 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.90 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 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $4.60 earnings per share. 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 year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given 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 dividend yield of 2.2%. Home Depot's payout ratio is 62.50%.

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.

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