Hudson Value Partners LLC Cuts Stock Holdings in The Home Depot, Inc. $HD

Hudson Value Partners LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 40.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,305 shares of the home improvement retailer’s stock after selling 2,230 shares during the quarter. Hudson Value Partners LLC’s holdings in Home Depot were worth $1,339,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mainstay Capital Management LLC ADV purchased a new position in Home Depot in the second quarter valued at about $263,000. WealthPlan Investment Management LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $1,149,000. Tower View Wealth Management LLC lifted its stake in Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the last quarter. Shell Asset Management Co. lifted its stake in Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after purchasing an additional 15,002 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Home Depot by 0.3% during the second quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock valued at $15,537,000 after purchasing an additional 127 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, 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 the SEC website. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% 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 three months. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Zacks Research lowered Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Evercore ISI lowered their price objective on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Telsey Advisory Group reduced their target price on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Finally, DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.50.

Home Depot Trading Down 1.0%

Shares of HD opened at $380.84 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The stock has a market cap of $379.13 billion, a PE ratio of 25.96, a P/E/G ratio of 14.33 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The business’s 50-day moving average price is $355.59 and its 200-day moving average price is $378.34.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

About Home Depot

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.