Providence First Trust Co Sells 2,777 Shares of The Home Depot, Inc. $HD

Providence First Trust Co cut its holdings in The Home Depot, Inc. (NYSE:HD) by 78.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 761 shares of the home improvement retailer’s stock after selling 2,777 shares during the quarter. Providence First Trust Co’s holdings in Home Depot were worth $308,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HD. Vanguard Group Inc. boosted its stake in Home Depot by 1.5% during the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after acquiring an additional 1,494,615 shares in the last quarter. State Street Corp increased its stake in Home Depot by 0.7% in the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after purchasing an additional 300,352 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Home Depot by 1.4% during the second 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 purchasing an additional 327,674 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after purchasing an additional 153,582 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $4,885,603,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HD shares. UBS Group set a $430.00 price target on Home Depot in a research note on Wednesday, December 10th. Royal Bank Of Canada lowered their target price on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Bank of America decreased their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, Truist Financial set a $405.00 price objective on shares of Home Depot in a report on Friday. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $403.17.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president owned 3,941 shares in the company, valued at $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. In the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.3%

NYSE HD opened at $380.34 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The business has a fifty day simple moving average of $355.04 and a 200 day simple moving average of $378.25. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The firm has a market capitalization of $378.63 billion, a P/E ratio of 25.93, a PEG ratio of 14.16 and a beta of 1.08.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

Home Depot 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.