Union Bancaire Privee UBP SA Reduces Stake in The Home Depot, Inc. $HD

Union Bancaire Privee UBP SA lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,489 shares of the home improvement retailer’s stock after selling 2,543 shares during the period. Union Bancaire Privee UBP SA’s holdings in Home Depot were worth $29,148,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot in the 2nd quarter valued at $28,000. Sagard Holdings Management Inc. acquired a new stake in Home Depot during the 2nd quarter worth $29,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot in the second quarter valued at $32,000. Legacy Investment Solutions LLC acquired a new position in Home Depot in the second quarter valued at $35,000. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Home Depot during the second quarter worth about $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.1%

NYSE:HD opened at $356.65 on Thursday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. 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 stock’s 50 day simple moving average is $366.47 and its 200-day simple moving average is $379.04. The firm has a market cap of $355.04 billion, a P/E ratio of 24.31, a PEG ratio of 13.14 and a beta of 1.06.

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 analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

Insider Activity

In related news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. JPMorgan Chase & Co. reduced their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Morgan Stanley reaffirmed an “outperform” rating on shares of Home Depot in a research report on Wednesday, December 10th. Wells Fargo & Company reduced their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and set a $413.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Finally, Evercore ISI reduced their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $402.07.

Home Depot Profile

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.