Kampmann Melissa S. Cuts Stake in The Home Depot, Inc. $HD
by Teresa Graham · The Cerbat GemKampmann Melissa S. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 7,005 shares of the home improvement retailer’s stock after selling 85 shares during the period. Home Depot accounts for about 1.9% of Kampmann Melissa S.’s investment portfolio, making the stock its 26th largest position. Kampmann Melissa S.’s holdings in Home Depot were worth $2,568,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the 2nd quarter valued at about $28,000. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its holdings in 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 during the last quarter. Global X Japan Co. Ltd. acquired a new stake in Home Depot in the 2nd quarter valued at about $40,000. Finally, GFG Capital LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on HD. Stifel Nicolaus increased their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Oppenheimer increased their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Finally, Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $435.42.
Check Out Our Latest Analysis on HD
Insider Activity at Home Depot
In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% 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 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.
Home Depot Stock Performance
Shares of HD stock opened at $377.66 on Friday. The firm’s 50 day moving average price is $403.50 and its 200-day moving average price is $376.99. 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 Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The firm has a market cap of $375.92 billion, a P/E ratio of 25.66, a P/E/G ratio of 3.64 and a beta of 1.00.
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. 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 year.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend 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.
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