United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 97,312 Shares of The Home Depot, Inc. $HD

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 99.0% in the second quarter, HoldingsChannel.com reports. The firm owned 1,000 shares of the home improvement retailer’s stock after selling 97,312 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Home Depot were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Laurel Wealth Advisors LLC increased its stake in shares of Home Depot by 36,207.5% in the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after buying an additional 10,049,029 shares during the period. Nuveen LLC acquired a new stake in Home Depot during the 1st quarter valued at approximately $2,076,592,000. Valeo Financial Advisors LLC raised its holdings in Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares during the last quarter. Vanguard Group Inc. raised its holdings in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 1.4%

Home Depot stock opened at $356.14 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock has a market cap of $354.49 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm’s 50-day simple moving average is $379.77 and its 200 day simple moving average is $380.66. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $436.36.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm posted $3.78 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio is currently 62.71%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. DZ Bank reissued a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. JPMorgan Chase & Co. decreased their price target on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Robert W. Baird lowered their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Truist Financial set a $379.00 target price on Home Depot in a research report on Tuesday, November 18th. Finally, TD Cowen lowered their target price on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $404.60.

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.