Boston Common Asset Management LLC Trims Holdings in The Home Depot, Inc. $HD

Boston Common Asset Management LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 29,282 shares of the home improvement retailer’s stock after selling 487 shares during the quarter. Boston Common Asset Management LLC’s holdings in Home Depot were worth $10,736,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HD. Legend Financial Advisors Inc. bought a new stake in Home Depot during the second quarter valued at $28,000. Abound Financial LLC bought a new stake in Home Depot during the first quarter valued at $31,000. Iron Horse Wealth Management LLC boosted its stake in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares during the period. Global X Japan Co. Ltd. bought a new stake in Home Depot during the second quarter valued at $40,000. Finally, Compass Financial Services Inc bought a new stake in Home Depot during the first quarter valued at $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last 90 days. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Wolfe Research began coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Morgan Stanley lifted their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Oppenheimer lifted their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $436.40.

Home Depot Trading Down 0.0%

NYSE HD opened at $394.88 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. 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 stock has a 50-day moving average of $402.63 and a 200-day moving average of $376.37. The firm has a market cap of $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm posted $4.60 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 was Thursday, September 4th. Home Depot’s payout ratio is currently 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.