The Home Depot, Inc. $HD Shares Sold by Securian Asset Management Inc.

Key Points

• Securian Asset Management Inc. reduced its stake in Home Depot by 1.3%, now holding 51,976 shares valued at approximately $19 million.
• Home Depot posted a quarterly EPS of $4.68, slightly missing analyst expectations, and reported revenues of $45.28 billion.
• A recent quarterly dividend of $2.30 was declared, translating to a 2.4% yield with a payout ratio of 62.50%.

Securian Asset Management Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,976 shares of the home improvement retailer's stock after selling 668 shares during the period. Home Depot makes up about 0.5% of Securian Asset Management Inc.'s investment portfolio, making the stock its 29th largest holding. Securian Asset Management Inc.'s holdings in Home Depot were worth $19,056,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV raised its stake in Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares in the last quarter. Nuveen LLC bought a new stake in Home Depot during the 1st quarter valued at $2,076,592,000. Valeo Financial Advisors LLC raised its stake in Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer's stock valued at $1,663,768,000 after acquiring an additional 4,510,944 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Home Depot during the 2nd quarter valued at $418,486,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

NYSE HD opened at $388.91 on Tuesday. The stock has a market capitalization of $387.12 billion, a P/E ratio of 26.42, a P/E/G ratio of 3.72 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The business's fifty day moving average is $403.72 and its two-hundred day moving average is $378.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (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 the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts forecast 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 was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot's dividend payout ratio is currently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 in the last three months. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HD shares. JPMorgan Chase & Co. cut their target price on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Truist Financial upped their target price on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. DA Davidson restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Oppenheimer upped their target price on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research report on Thursday, September 25th. One 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's stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price 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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