Van Lanschot Kempen Investment Management N.V. Decreases Holdings in The Home Depot, Inc. $HD

Key Points

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Van Lanschot Kempen Investment Management N.V. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 37.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,200 shares of the home improvement retailer's stock after selling 40,406 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Home Depot were worth $24,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navigoe LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $29,000. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC lifted 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 valued at $36,000 after purchasing an additional 46 shares during the last quarter. Quarry LP boosted its position in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada cut their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday. Jefferies Financial Group lowered their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, DA Davidson reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $432.52.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,672 shares of company stock worth $16,827,675. Company insiders own 0.10% of the company's stock.

Home Depot Stock Up 3.8%

Shares of NYSE:HD traded up $15.2960 during mid-day trading on Friday, hitting $412.9960. 5,283,627 shares of the company traded hands, compared to its average volume of 3,560,177. The stock has a 50-day moving average price of $373.34 and a two-hundred day moving average price of $371.56. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a market cap of $410.90 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.81 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.28 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the prior year, the firm earned $4.60 earnings per share. Home Depot's revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's payout ratio is 62.50%.

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.