Waldron Private Wealth LLC Sells 150 Shares of The Home Depot, Inc. $HD

Waldron Private Wealth LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,613 shares of the home improvement retailer’s stock after selling 150 shares during the period. Waldron Private Wealth LLC’s holdings in Home Depot were worth $958,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stegent Equity Advisors Inc. increased its position in shares of Home Depot by 20.1% in the second quarter. Stegent Equity Advisors Inc. now owns 980 shares of the home improvement retailer’s stock valued at $359,000 after acquiring an additional 164 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Home Depot by 4.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 13,648 shares of the home improvement retailer’s stock valued at $5,004,000 after purchasing an additional 575 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of Home Depot by 0.7% in the 2nd quarter. Leavell Investment Management Inc. now owns 46,589 shares of the home improvement retailer’s stock valued at $17,081,000 after purchasing an additional 336 shares in the last quarter. Burke & Herbert Bank & Trust Co. boosted its holdings in shares of Home Depot by 1.2% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 13,299 shares of the home improvement retailer’s stock valued at $4,876,000 after acquiring an additional 155 shares in the last quarter. Finally, BIP Alliance LLC acquired a new position in Home Depot during the 2nd quarter worth about $213,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on 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 approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HD. Oppenheimer boosted their target price on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Wells Fargo & Company increased their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research report on Saturday. Finally, Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Stock Up 0.5%

Shares of NYSE:HD opened at $386.83 on Friday. The stock’s 50-day moving average price is $402.68 and its 200-day moving average price is $379.51. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a market capitalization of $385.04 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 3.67 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 posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

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.