Van Hulzen Asset Management LLC Sells 4,934 Shares of The Home Depot, Inc. $HD

Key Points

• Van Hulzen Asset Management LLC has reduced its stake in The Home Depot by 44.4%, selling 4,934 shares and now holding 6,186 shares valued at approximately $2.27 million.
• Home Depot's stock price recently opened at $397.45, reflecting a 1.1% decline, with a current market capitalization of $395.43 billion.
• Analysts have mixed views, with target prices ranging from $400 to $432, and a consensus rating of "Moderate Buy" on the stock.

Van Hulzen Asset Management LLC cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 44.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,186 shares of the home improvement retailer's stock after selling 4,934 shares during the period. Van Hulzen Asset Management LLC's holdings in Home Depot were worth $2,267,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after acquiring an additional 720,447 shares during the last quarter. Asset Planning Services Inc. LA ADV lifted its stake in 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 valued at $6,954,431,000 after buying an additional 18,956,701 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after buying an additional 891,326 shares during the period. Northern Trust Corp lifted its stake in Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after buying an additional 1,424,857 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after buying an additional 10,210,851 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Morgan Stanley boosted their price target on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday. Robert W. Baird boosted their price target on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,672 shares of company stock worth $16,827,675 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Up 3.8%

Shares of NYSE HD traded up $15.2960 during midday trading on Friday, hitting $412.9960. 5,283,627 shares of the stock traded hands, compared to its average volume of 3,607,990. The company has a market cap of $410.90 billion, a PE ratio of 28.06, a P/E/G ratio of 3.91 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The business has a 50 day moving average price of $374.52 and a two-hundred day moving average price of $370.97. 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 (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's payout ratio is presently 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.