NBT Bank N A NY Has $5.64 Million Stake in The Home Depot, Inc. $HD

NBT Bank N A NY trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,372 shares of the home improvement retailer’s stock after selling 154 shares during the quarter. NBT Bank N A NY’s holdings in Home Depot were worth $5,636,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Lakeshore Capital Group Inc. raised its position in shares of Home Depot by 8.3% during the second quarter. Lakeshore Capital Group Inc. now owns 1,863 shares of the home improvement retailer’s stock worth $683,000 after purchasing an additional 142 shares during the period. Abel Hall LLC raised its position in shares of Home Depot by 50.4% during the second quarter. Abel Hall LLC now owns 1,334 shares of the home improvement retailer’s stock worth $489,000 after purchasing an additional 447 shares during the period. Proffitt & Goodson Inc. raised its position in shares of Home Depot by 33.3% during the second quarter. Proffitt & Goodson Inc. now owns 512 shares of the home improvement retailer’s stock worth $188,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC raised its position in shares of Home Depot by 70.1% during the second quarter. REAP Financial Group LLC now owns 830 shares of the home improvement retailer’s stock worth $304,000 after purchasing an additional 342 shares during the period. Finally, Sax Wealth Advisors LLC raised its position in shares of Home Depot by 9.4% during the second quarter. Sax Wealth Advisors LLC now owns 5,240 shares of the home improvement retailer’s stock worth $1,921,000 after purchasing an additional 452 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HD shares. DA Davidson reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research report on Saturday, September 27th. Stifel Nicolaus upped their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Oppenheimer upped their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. Finally, Robert W. Baird upped their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $436.40.

Home Depot Trading Down 0.6%

Shares of Home Depot stock opened at $386.84 on Wednesday. The stock has a fifty day simple moving average of $403.07 and a 200 day simple moving average of $376.85. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a market capitalization of $385.06 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 3.69 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.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was 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 in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

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.