Twin Capital Management Inc. Has $5.85 Million Position in The Home Depot, Inc. $HD

Twin Capital Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 21.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,426 shares of the home improvement retailer’s stock after selling 3,978 shares during the period. Home Depot makes up 0.7% of Twin Capital Management Inc.’s portfolio, making the stock its 21st largest position. Twin Capital Management Inc.’s holdings in Home Depot were worth $5,845,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HD. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the second quarter valued at $32,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot in the 3rd quarter valued at about $38,000. AXS Investments LLC bought a new stake in Home Depot in the third quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC acquired a new stake in Home Depot during the 3rd quarter valued at $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.7%

Shares of HD stock opened at $385.01 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The stock has a market capitalization of $383.28 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 13.65 and a beta of 1.08. The company’s fifty day simple moving average is $362.81 and its two-hundred day simple moving average is $379.50.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.71%.

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were 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 directly owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,963 shares of company stock worth $1,748,845 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Evercore cut their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Gordon Haskett cut their price target on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Finally, Royal Bank Of Canada reduced their price target on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $404.47.

Home Depot Company 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.