Marble Harbor Investment Counsel LLC Trims Holdings in The Home Depot, Inc. $HD

Marble Harbor Investment Counsel LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,694 shares of the home improvement retailer’s stock after selling 956 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Home Depot were worth $2,821,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in Home Depot during the 1st quarter valued at approximately $2,076,592,000. Valeo Financial Advisors LLC grew 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 valued at $1,663,768,000 after buying an additional 4,510,944 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after buying an additional 1,494,261 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Home Depot in the second quarter worth $418,486,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after acquiring an additional 891,326 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. Oppenheimer lifted their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Sanford C. Bernstein boosted their target price on Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. dropped their price target on Home Depot from $452.00 to $444.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Truist Financial reduced their price objective on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.77.

Home Depot Stock Up 1.0%

Shares of HD opened at $374.29 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The business has a fifty day moving average of $395.90 and a 200 day moving average of $381.83. The company has a market cap of $372.56 billion, a PE ratio of 25.43, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Buying and Selling at Home Depot

In other news, 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 transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on 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 completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

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.