The Home Depot, Inc. $HD Position Raised by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,886 shares of the home improvement retailer’s stock after buying an additional 99 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Home Depot were worth $691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower View Wealth Management LLC increased its holdings in shares of 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 buying an additional 671 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Home Depot in the first quarter valued at $3,851,000. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter valued at $406,000. Arbor Capital Management Inc. ADV increased its holdings in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after buying an additional 221 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Home Depot by 4.1% in the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer’s stock valued at $155,131,000 after buying an additional 16,654 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.0%

Home Depot stock opened at $394.88 on Friday. The company’s fifty day simple moving average is $402.63 and its 200-day simple moving average is $376.21. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market cap of $393.06 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 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 company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. 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 is currently 62.50%.

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last three months. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Wolfe Research began coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Mizuho boosted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $436.40.

Home Depot Profile

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.