Octavia Wealth Advisors LLC Decreases Position in The Home Depot, Inc. $HD

Octavia Wealth Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,854 shares of the home improvement retailer’s stock after selling 81 shares during the period. Octavia Wealth Advisors LLC’s holdings in Home Depot were worth $1,046,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Magnus Financial Group LLC grew its stake in Home Depot by 1.0% during the 2nd quarter. Magnus Financial Group LLC now owns 6,788 shares of the home improvement retailer’s stock valued at $2,489,000 after purchasing an additional 70 shares during the last quarter. Plancorp LLC increased its holdings in Home Depot by 4.5% in the 2nd quarter. Plancorp LLC now owns 5,875 shares of the home improvement retailer’s stock worth $2,154,000 after buying an additional 254 shares during the period. Motive Wealth Advisors lifted its stake in Home Depot by 21.4% during the 2nd quarter. Motive Wealth Advisors now owns 1,073 shares of the home improvement retailer’s stock valued at $393,000 after acquiring an additional 189 shares during the period. Castleview Partners LLC boosted its holdings in shares of Home Depot by 38.4% in the 2nd quarter. Castleview Partners LLC now owns 5,309 shares of the home improvement retailer’s stock valued at $1,946,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Exeter Financial LLC increased its stake in shares of Home Depot by 14.8% in the second quarter. Exeter Financial LLC now owns 691 shares of the home improvement retailer’s stock worth $253,000 after acquiring an additional 89 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $407.43 on Friday. The company has a market capitalization of $405.55 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.88 and a beta of 1.00. The business’s 50 day moving average is $398.84 and its two-hundred day moving average is $374.32. The company has a current ratio of 1.15, a quick ratio of 0.34 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.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter last year, the firm earned $4.60 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company lifted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Mizuho upped their price objective on Home Depot from $435.00 to $450.00 and gave the stock 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 six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $436.40.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of the firm’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 transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Home Depot Company 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.