The Home Depot, Inc. $HD Shares Sold by Root Financial Partners LLC

Root Financial Partners LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,133 shares of the home improvement retailer’s stock after selling 2,645 shares during the period. Root Financial Partners LLC’s holdings in Home Depot were worth $4,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. QTR Family Wealth LLC raised its stake in Home Depot by 17.8% during the third quarter. QTR Family Wealth LLC now owns 3,030 shares of the home improvement retailer’s stock worth $1,228,000 after purchasing an additional 458 shares during the period. Vista Investment Partners II LLC increased its holdings in shares of Home Depot by 1.9% during the 3rd quarter. Vista Investment Partners II LLC now owns 8,244 shares of the home improvement retailer’s stock worth $3,341,000 after buying an additional 157 shares during the last quarter. Turtle Creek Wealth Advisors LLC increased its holdings in shares of Home Depot by 18.8% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 28,277 shares of the home improvement retailer’s stock worth $11,458,000 after buying an additional 4,480 shares during the last quarter. Nordwand Advisors LLC raised its position in shares of Home Depot by 107.1% during the 3rd quarter. Nordwand Advisors LLC now owns 3,678 shares of the home improvement retailer’s stock valued at $1,490,000 after buying an additional 1,902 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in Home Depot by 0.7% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 6,301 shares of the home improvement retailer’s stock valued at $2,428,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $380.34 on Tuesday. The stock’s 50-day moving average price is $355.04 and its 200 day moving average price is $378.25. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The firm has a market cap of $378.63 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 14.16 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts expect 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, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HD. Cowen reissued a “buy” rating on shares of Home Depot in a research note on Tuesday. Zacks Research lowered Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Robert W. Baird cut their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. DA Davidson decreased their target price on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Finally, Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.17.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.