Gleason Group Inc. Sells 431 Shares of The Home Depot, Inc. (NYSE:HD)

15 Jan 2025, 18:02 by Mitch Edgeman · The Markets Daily

Gleason Group Inc. cut its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,531 shares of the home improvement retailer’s stock after selling 431 shares during the period. Gleason Group Inc.’s holdings in Home Depot were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in Home Depot by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,392,582 shares of the home improvement retailer’s stock worth $479,382,000 after purchasing an additional 46,474 shares during the period. Wulff Hansen & CO. raised its stake in shares of Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares in the last quarter. Luts & Greenleigh Group Inc. bought a new position in shares of Home Depot during the 2nd quarter worth about $1,563,000. Excalibur Management Corp lifted its holdings in shares of Home Depot by 0.8% during the 2nd quarter. Excalibur Management Corp now owns 5,078 shares of the home improvement retailer’s stock worth $1,748,000 after acquiring an additional 40 shares during the period. Finally, GDS Wealth Management boosted its position in shares of Home Depot by 12.2% during the 2nd quarter. GDS Wealth Management now owns 32,762 shares of the home improvement retailer’s stock valued at $11,278,000 after acquiring an additional 3,559 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Melius Research assumed coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Read Our Latest Analysis on HD

Insider Activity

In other news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

HD opened at $392.98 on Wednesday. The stock has a market cap of $390.37 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a fifty day simple moving average of $405.88 and a 200 day simple moving average of $386.65.

Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the company earned $3.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Home Depot Company Profile

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