Plancorp LLC Has $2.15 Million Stock Position in The Home Depot, Inc. $HD

Plancorp LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 5,875 shares of the home improvement retailer’s stock after buying an additional 254 shares during the period. Plancorp LLC’s holdings in Home Depot were worth $2,154,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted 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 worth $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $40,000. Compass Financial Services Inc acquired a new position in shares of Home Depot in the 1st quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.3%

Shares of HD opened at $409.77 on Thursday. 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 $397.87 and its 200-day moving average is $374.09. The stock has a market capitalization of $407.88 billion, a PE ratio of 27.84, a P/E/G ratio of 3.90 and a beta of 1.00. 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 announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during 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 was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced 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. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Insider Activity

In other Home Depot news, 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 transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’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 sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. reduced their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. TD Securities lowered Home Depot to a “buy” rating in a research report on Monday, June 2nd. DA Davidson reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $437.08.

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.