Perigon Wealth Management LLC Has $39.17 Million Holdings in The Home Depot, Inc. $HD

Perigon Wealth Management LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,822 shares of the home improvement retailer’s stock after buying an additional 1,684 shares during the quarter. Home Depot comprises 0.9% of Perigon Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Perigon Wealth Management LLC’s holdings in Home Depot were worth $39,165,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Abound Financial LLC acquired a new stake in shares of Home Depot in the first quarter worth $31,000. Iron Horse Wealth Management LLC lifted its position in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in Home Depot during the second quarter valued at about $40,000. Compass Financial Services Inc bought a new stake in Home Depot during the first quarter valued at about $41,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the second quarter valued at about $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.6%

Shares of HD stock opened at $407.43 on Friday. The stock has a market cap of $405.55 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 3.88 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The stock has a fifty day moving average price of $398.84 and a 200 day moving average price of $374.32. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the firm earned $4.60 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HD shares. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus upped their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $436.40.

About Home Depot

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.