Mcdaniel Terry & Co. Sells 52 Shares of The Home Depot, Inc. $HD

Mcdaniel Terry & Co. lowered its position in The Home Depot, Inc. (NYSE:HD) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 998 shares of the home improvement retailer’s stock after selling 52 shares during the period. Mcdaniel Terry & Co.’s holdings in Home Depot were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter valued at $28,000. Abound Financial LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in Home Depot in the second quarter worth about $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot during the second quarter worth approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $386.83 on Friday. The firm has a market cap of $385.04 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.65 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. 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 company’s 50 day moving average is $402.68 and its 200 day moving average is $379.19.

Home Depot (NYSE:HD) last released 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 return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the firm posted $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. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was 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 owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was 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 of the company’s stock, 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 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Mizuho raised their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Stifel Nicolaus boosted their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Finally, 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. 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $435.42.

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.