Sentry Investment Management LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 24.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,432 shares of the home improvement retailer's stock after selling 772 shares during the period. Sentry Investment Management LLC's holdings in Home Depot were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Planning Services Inc. LA ADV raised its position in Home Depot by 99,400.7% during the first 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 buying an additional 18,956,701 shares during the period. Nuveen LLC acquired a new stake in Home Depot during the 1st quarter worth about $2,076,592,000. Valeo Financial Advisors LLC grew 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 increased its holdings in shares of Home Depot by 19.3% in 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 purchasing an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Home Depot during the second quarter worth approximately $418,486,000. Institutional investors and hedge funds own 70.86% of the company's stock.
Home Depot Trading Up 1.1%
Shares of NYSE:HD opened at $391.79 on Monday. The company has a market cap 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 stock's 50-day moving average is $403.70 and its 200-day moving average is $378.12. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. 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 announced 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 business had revenue of $45.28 billion for 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.
Home Depot Dividend Announcement
The business also recently disclosed 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.
Analysts Set New Price Targets
HD has been the topic of several research reports. DA Davidson reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Wolfe Research assumed coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Truist Financial increased their price objective on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One investment 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 data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $435.42.
View Our Latest Research Report on HD
Insiders Place Their Bets
In other Home Depot 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 value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last 90 days. 0.10% of the stock is owned by corporate insiders.
About Home Depot
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Free Report)
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.
See Also
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