Hartford Investment Management Co. Sells 1,684 Shares of The Home Depot, Inc. $HD

Hartford Investment Management Co. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 58,279 shares of the home improvement retailer’s stock after selling 1,684 shares during the period. Home Depot makes up 0.7% of Hartford Investment Management Co.’s investment portfolio, making the stock its 23rd largest position. Hartford Investment Management Co.’s holdings in Home Depot were worth $23,614,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares in the last quarter. Beacon Financial Advisory LLC increased its holdings in Home Depot by 14.4% during the 2nd quarter. Beacon Financial Advisory LLC now owns 1,880 shares of the home improvement retailer’s stock worth $689,000 after acquiring an additional 236 shares during the period. Grimes & Company Inc. lifted its stake in Home Depot by 13.3% in the 2nd quarter. Grimes & Company Inc. now owns 7,453 shares of the home improvement retailer’s stock worth $2,733,000 after purchasing an additional 872 shares in the last quarter. Finally, Woodmont Investment Counsel LLC boosted its holdings in Home Depot by 0.6% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 16,517 shares of the home improvement retailer’s stock valued at $6,056,000 after purchasing an additional 95 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s 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 transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. This represents a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,963 shares of company stock worth $1,748,845 in the last ninety days. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. Wall Street Zen cut shares of Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Guggenheim decreased their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Citigroup decreased their price objective on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 target price on shares of Home Depot in a research report on Monday, November 24th. Finally, Stifel Nicolaus decreased their price target on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Twenty-one research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $404.50.

Home Depot Trading Up 1.0%

Shares of HD opened at $378.27 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The firm has a market cap of $376.57 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 13.96 and a beta of 1.08. The firm has a 50 day moving average price of $360.52 and a 200-day moving average price of $379.13. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion during 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 for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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