Voya Investment Management LLC Sells 114,660 Shares of The Home Depot, Inc. $HD

Voya Investment Management LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 10.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 972,327 shares of the home improvement retailer’s stock after selling 114,660 shares during the quarter. Voya Investment Management LLC owned 0.10% of Home Depot worth $356,348,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Client 1ST Advisory Group LLC grew its holdings in shares of Home Depot by 1.5% in the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after purchasing an additional 27 shares during the last quarter. Invst LLC grew its holdings in shares of Home Depot by 0.4% in the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer’s stock worth $2,621,000 after purchasing an additional 28 shares during the last quarter. Financial Insights Inc. grew its holdings in shares of Home Depot by 3.3% in the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer’s stock worth $323,000 after purchasing an additional 28 shares during the last quarter. Wayfinding Financial LLC grew its holdings in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock worth $862,000 after acquiring an additional 28 shares during the last quarter. Finally, Pure Portfolios Holdings LLC grew its holdings in Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer’s stock worth $228,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Gordon Haskett increased their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Truist Financial increased their price objective on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $432.52.

Home Depot Stock Performance

Home Depot stock opened at $423.37 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market cap of $421.42 billion, a PE ratio of 28.76, a PEG ratio of 3.92 and a beta of 1.00. The company’s 50-day moving average is $388.99 and its two-hundred day moving average is $372.26.

Home Depot (NYSE:HD) last released its earnings results 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 net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the company posted $4.60 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 16,057 shares in the company, 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. In the last quarter, insiders sold 46,532 shares of company stock worth $18,648,987. Insiders own 0.10% of the company’s stock.

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.