Koshinski Asset Management Inc. Buys 924 Shares of The Home Depot, Inc. $HD

Koshinski Asset Management Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,107 shares of the home improvement retailer’s stock after acquiring an additional 924 shares during the period. Koshinski Asset Management Inc.’s holdings in Home Depot were worth $3,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Home Depot by 7.2% in the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock worth $10,237,000 after buying an additional 1,880 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Home Depot by 57.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,311 shares of the home improvement retailer’s stock worth $480,000 after buying an additional 476 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in shares of Home Depot by 6.1% in the 1st quarter. Centennial Wealth Advisory LLC now owns 612 shares of the home improvement retailer’s stock worth $224,000 after buying an additional 35 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its holdings in shares of Home Depot by 2.1% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 10,607 shares of the home improvement retailer’s stock worth $3,887,000 after buying an additional 216 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Robert W. Baird boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. DA Davidson restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Finally, Wells Fargo & Company boosted their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Stock Performance

Shares of NYSE:HD opened at $391.79 on Friday. The company has a market capitalization of $389.98 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 3.68 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm’s 50-day moving average is $403.70 and its 200 day moving average is $377.92. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued 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). The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

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.