Capital Counsel LLC NY Sells 6,345 Shares of The Home Depot, Inc. $HD

Capital Counsel LLC NY decreased its stake in The Home Depot, Inc. (NYSE:HD) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 303,744 shares of the home improvement retailer’s stock after selling 6,345 shares during the quarter. Home Depot accounts for about 4.5% of Capital Counsel LLC NY’s investment portfolio, making the stock its 10th largest holding. Capital Counsel LLC NY’s holdings in Home Depot were worth $111,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in shares of Home Depot by 2.6% during the second quarter. Fisher Asset Management LLC now owns 9,933,082 shares of the home improvement retailer’s stock valued at $3,641,865,000 after acquiring an additional 255,504 shares during the period. Bare Financial Services Inc grew its position in Home Depot by 100.0% during the 2nd quarter. Bare Financial Services Inc now owns 164 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 82 shares in the last quarter. Hamel Associates Inc. raised its stake in Home Depot by 1.3% during the 2nd quarter. Hamel Associates Inc. now owns 11,429 shares of the home improvement retailer’s stock valued at $4,190,000 after purchasing an additional 149 shares during the period. Bernardo Wealth Planning LLC lifted its holdings in shares of Home Depot by 4.8% in the second quarter. Bernardo Wealth Planning LLC now owns 807 shares of the home improvement retailer’s stock valued at $296,000 after purchasing an additional 37 shares in the last quarter. Finally, Orleans Capital Management Corp LA lifted its holdings in shares of Home Depot by 0.3% in the second quarter. Orleans Capital Management Corp LA now owns 14,676 shares of the home improvement retailer’s stock valued at $5,381,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HD shares. Daiwa Capital Markets dropped their price target on Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. The Goldman Sachs Group dropped their target price on Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. UBS Group decreased their price target on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Robert W. Baird dropped their price objective on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Finally, Morgan Stanley cut their target price on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Twenty-two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $404.60.

Home Depot Price Performance

NYSE HD opened at $356.98 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $355.37 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $436.36. The company has a 50 day moving average price of $378.59 and a two-hundred day moving average price of $380.64.

Home Depot (NYSE:HD) last released its quarterly earnings results 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the business posted $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, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Home Depot Company 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.