Rep. Jefferson Shreve Sells The Home Depot, Inc. (NYSE:HD) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Home Depot, Inc. NYSE: HD. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Home Depot stock on May 12th.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Home Depot Stock Up 0.6%

NYSE HD traded up $2.08 during trading hours on Friday, hitting $375.17. 2,220,183 shares of the company traded hands, compared to its average volume of 3,185,409. The business's 50-day moving average is $365.59 and its 200-day moving average is $373.75. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a market capitalization of $373.27 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 3.57 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.45%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently modified their holdings of the company. Kellett Wealth Advisors LLC boosted its holdings in shares of Home Depot by 15.5% during the 2nd quarter. Kellett Wealth Advisors LLC now owns 766 shares of the home improvement retailer's stock valued at $281,000 after acquiring an additional 103 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Home Depot by 9.2% during the 2nd quarter. NorthRock Partners LLC now owns 17,663 shares of the home improvement retailer's stock valued at $6,476,000 after acquiring an additional 1,491 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Home Depot by 6.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 132,670 shares of the home improvement retailer's stock valued at $48,642,000 after acquiring an additional 7,767 shares in the last quarter. Cascade Investment Advisors Inc. lifted its holdings in Home Depot by 1.6% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,359 shares of the home improvement retailer's stock worth $1,232,000 after buying an additional 52 shares during the period. Finally, Westchester Capital Management Inc. lifted its holdings in Home Depot by 0.9% during the 2nd quarter. Westchester Capital Management Inc. now owns 38,659 shares of the home improvement retailer's stock worth $14,174,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Monday, June 30th. Gordon Haskett increased their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and increased their target price for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.