The Home Depot, Inc. $HD Shares Sold by Stock Yards Bank & Trust Co.

Key Points

• Stock Yards Bank & Trust Co. reduced its stake in The Home Depot by 1.9%, leaving it with 113,731 shares valued at approximately $41.7 million.
• Home Depot's earnings per share fell slightly short of analyst expectations at $4.68, with revenues reported at $45.28 billion, representing a year-over-year increase of 4.9%.
• The company declared a quarterly dividend of $2.30 per share, equating to an annualized dividend of $9.20 and a yield of 2.3%.

Stock Yards Bank & Trust Co. decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 113,731 shares of the home improvement retailer's stock after selling 2,237 shares during the quarter. Home Depot accounts for about 1.4% of Stock Yards Bank & Trust Co.'s investment portfolio, making the stock its 21st largest position. Stock Yards Bank & Trust Co.'s holdings in Home Depot were worth $41,698,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. acquired a new position in Home Depot in the 2nd quarter worth approximately $28,000. Abound Financial LLC acquired a new position in Home Depot in the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted its stake in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new position in Home Depot in the 2nd quarter worth approximately $40,000. Finally, Compass Financial Services Inc acquired a new position in Home Depot in the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Down 0.0%

HD opened at $394.88 on Friday. The firm's fifty day moving average is $402.63 and its two-hundred day moving average is $376.21. 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 firm has a market cap of $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

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

Home Depot Announces Dividend

The company also recently announced 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 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 62.50%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 16,057 shares of the company's stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Wells Fargo & Company raised their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Home Depot in a research note on Saturday, September 27th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Morgan Stanley lifted their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $436.40.

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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