Valley National Advisers Inc. Has $292,000 Holdings in The Home Depot, Inc. $HD

Valley National Advisers Inc. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 87.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 721 shares of the home improvement retailer’s stock after selling 5,030 shares during the quarter. Valley National Advisers Inc.’s holdings in Home Depot were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HD. Vanguard Group Inc. increased its position 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 in the last quarter. State Street Corp increased its holdings in shares of Home Depot by 0.7% during the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after buying an additional 300,352 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after acquiring an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock valued at $5,341,724,000 after acquiring an additional 153,582 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Home Depot during the 2nd quarter valued at $4,885,603,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. Bank of America lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. BNP Paribas Exane raised their price objective on shares of Home Depot from $353.00 to $355.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Argus cut their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Piper Sandler decreased their price target on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Finally, Telsey Advisory Group dropped their price target on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

Home Depot Price Performance

HD stock opened at $347.38 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The firm has a market cap of $345.82 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 13.03 and a beta of 1.06. The company’s fifty day simple moving average is $360.59 and its 200 day simple moving average is $378.02. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75.

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). The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s payout ratio is 62.71%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.