Knights of Columbus Asset Advisors LLC Has $5.32 Million Stock Holdings in The Home Depot, Inc. $HD

Knights of Columbus Asset Advisors LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 29.1% in the second quarter, HoldingsChannel reports. The firm owned 14,510 shares of the home improvement retailer’s stock after selling 5,943 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Home Depot were worth $5,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Woodmont Investment Counsel LLC lifted its stake in shares of Home Depot by 0.6% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 16,517 shares of the home improvement retailer’s stock worth $6,056,000 after buying an additional 95 shares during the last quarter. Grimes & Company Inc. lifted its position in Home Depot by 13.3% during the second quarter. Grimes & Company Inc. now owns 7,453 shares of the home improvement retailer’s stock worth $2,733,000 after acquiring an additional 872 shares during the last quarter. Three Bridge Wealth Advisors LLC boosted its holdings in shares of Home Depot by 37.9% during the second quarter. Three Bridge Wealth Advisors LLC now owns 2,589 shares of the home improvement retailer’s stock worth $949,000 after acquiring an additional 712 shares during the period. JSF Financial LLC grew its position in shares of Home Depot by 27.7% in the second quarter. JSF Financial LLC now owns 3,376 shares of the home improvement retailer’s stock valued at $1,238,000 after purchasing an additional 732 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of Home Depot by 35.2% during the second quarter. Merit Financial Group LLC now owns 74,452 shares of the home improvement retailer’s stock worth $27,297,000 after purchasing an additional 19,389 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock opened at $394.88 on Monday. The company has a 50 day moving average of $402.63 and a 200-day moving average of $376.51. The company has a market cap of $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced 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). The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s 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 completion of the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. DA Davidson restated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. lowered their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Mizuho increased their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Robert W. Baird raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $436.40.

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.