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Home Depot EVP sells over $19 million in stock

Published 05/21/2024, 04:54 AM
© Reuters

In a recent transaction, Matthew Carey, the Executive Vice President of Customer Experience at Home Depot , Inc. (NYSE:HD), sold shares totaling over $19 million. The series of sales occurred on May 16, 2024, as disclosed in a filing with the Securities and Exchange Commission.

Carey sold a total of 55,008 shares with prices ranging from $343.53 to $345.62, leading to a total transaction value of approximately $19,332,586. The sales were made at weighted average prices, with specific transactions occurring at various prices within the stated range. Detailed information regarding the number of shares sold at each separate price is available upon request.

In addition to the sales, Carey also acquired shares through the exercise of options, which are not reflected in the total sale value. These options had fully vested and were exercisable at prices between $147.36 and $189.25, with a total transaction value of $8,505,176 for the acquired shares.

Home Depot's stock performance and executive transactions are closely watched by investors as indicators of the company's financial health and the confidence of its top management in the business's future prospects. The transactions by executives can provide insights into their personal investment decisions but do not necessarily signal corporate strategy or future performance.

Investors and analysts typically review such filings to understand the buying and selling trends of company insiders. The recent transactions by Carey at Home Depot are part of the regular disclosure required by company executives and do not necessarily indicate a change in company strategy or outlook.

InvestingPro Insights

With Home Depot's executive vice president Matthew Carey's recent stock sale capturing attention, it's prudent to consider the broader financial context of the company. Home Depot (NYSE:HD) holds a substantial market capitalization of $334.95 billion, reflecting its significant presence in the industry.

InvestingPro data underscores Home Depot's financial stability and potential for investor returns. The company's P/E ratio stands at 22.64, which aligns with industry standards, suggesting a balanced valuation of its earnings. Additionally, Home Depot's dividend yield as of early 2024 was 2.61%, coupled with a robust dividend growth of 7.66% in the last twelve months as of Q1 2025. This data point is particularly noteworthy, considering the company has raised its dividend for 14 consecutive years, a testament to its consistent shareholder returns, as highlighted by one of the InvestingPro Tips.

Moreover, the stock has experienced a 21.47% one-year price total return, demonstrating strong performance over a longer-term horizon. This aligns with another InvestingPro Tip that notes Home Depot's high return over the last decade.

For investors seeking more detailed analysis and additional insights, there are 11 more InvestingPro Tips available that could further inform investment decisions. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing a comprehensive view of Home Depot's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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