Community Trust & Investment Co. Has $5.16 Million Stake in The Home Depot, Inc. $HD

Community Trust & Investment Co. raised its position in The Home Depot, Inc. (NYSE:HD) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 14,084 shares of the home improvement retailer’s stock after purchasing an additional 1,308 shares during the period. Community Trust & Investment Co.’s holdings in Home Depot were worth $5,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC increased its stake in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 46 shares in the last quarter. Compass Financial Services Inc bought a new stake in shares of Home Depot in the 1st quarter valued at $41,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 2nd quarter valued at $41,000. Finally, Quest 10 Wealth Builders Inc. increased its stake in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HD shares. TD Securities lowered shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Wolfe Research began coverage on shares of Home Depot in a research note on Thursday. They issued an “outperform” rating and a $497.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Truist Financial boosted their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $435.00.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $417.66 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 debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market cap of $415.73 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.95 and a beta of 1.00. The company has a fifty day moving average price of $394.02 and a 200-day moving average price of $373.24.

Home Depot (NYSE:HD) last issued its quarterly 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). The company had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts predict 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

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.