AMF Tjanstepension AB Has $18.73 Million Holdings in The Home Depot, Inc. $HD

AMF Tjanstepension AB cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 15.5% during the third quarter, HoldingsChannel.com reports. The firm owned 46,233 shares of the home improvement retailer’s stock after selling 8,449 shares during the period. AMF Tjanstepension AB’s holdings in Home Depot were worth $18,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Mainstay Capital Management LLC ADV acquired a new position in shares of Home Depot during the 2nd quarter worth about $263,000. WealthPlan Investment Management LLC bought a new position in Home Depot during the 2nd quarter worth approximately $1,149,000. Tower View Wealth Management LLC boosted its stake in Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after acquiring an additional 671 shares during the last quarter. Shell Asset Management Co. grew its holdings in Home Depot by 45.2% during 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 period. Finally, Boston Trust Walden Corp increased its stake in Home Depot by 0.3% in 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 in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.7%

HD stock opened at $383.63 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 stock has a market capitalization of $381.91 billion, a P/E ratio of 26.15, a P/E/G ratio of 14.30 and a beta of 1.08. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The business has a 50-day moving average of $356.03 and a 200-day moving average of $378.53.

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

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HD shares. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price target on shares of Home Depot in a research report on Monday, November 24th. Oppenheimer dropped their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research note on Friday, December 5th. Robert W. Baird reduced their target price on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Stifel Nicolaus dropped their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $404.50.

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.