Schmidt P J Investment Management Inc. Lowers Holdings in The Home Depot, Inc. $HD

Schmidt P J Investment Management Inc. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,514 shares of the home improvement retailer’s stock after selling 920 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Home Depot were worth $6,421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HD. Brighton Jones LLC boosted its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Home Depot by 13.3% during the first quarter. Golden State Wealth Management LLC now owns 5,712 shares of the home improvement retailer’s stock worth $2,093,000 after purchasing an additional 669 shares in the last quarter. Little House Capital LLC boosted its position in Home Depot by 6.2% during the first quarter. Little House Capital LLC now owns 7,225 shares of the home improvement retailer’s stock worth $2,648,000 after purchasing an additional 423 shares in the last quarter. CFM Wealth Partners LLC boosted its position in Home Depot by 3.5% during the first quarter. CFM Wealth Partners LLC now owns 19,144 shares of the home improvement retailer’s stock worth $7,016,000 after purchasing an additional 654 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its position in Home Depot by 5.5% during the first quarter. Capital Advisors Wealth Management LLC now owns 1,320 shares of the home improvement retailer’s stock worth $484,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

NYSE HD opened at $386.83 on Monday. The company has a market cap of $385.04 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. The stock’s 50 day simple moving average is $402.68 and its 200-day simple moving average is $379.68. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $45.43 billion. During the same period in the prior year, the business posted $4.60 EPS. Home Depot’s revenue for the quarter 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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. Oppenheimer increased their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. Truist Financial increased their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. DA Davidson restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus raised their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $435.42.

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.