Blue Rock Wealth Management LLC Buys 286 Shares of The Home Depot, Inc. $HD

Blue Rock Wealth Management LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 35.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090 shares of the home improvement retailer’s stock after purchasing an additional 286 shares during the quarter. Blue Rock Wealth Management LLC’s holdings in Home Depot were worth $399,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Fortis Capital Advisors LLC lifted its holdings in Home Depot by 114.0% during the first quarter. Fortis Capital Advisors LLC now owns 4,521 shares of the home improvement retailer’s stock valued at $1,657,000 after purchasing an additional 2,408 shares in the last quarter. Belpointe Asset Management LLC grew its stake in Home Depot by 25.9% during the first quarter. Belpointe Asset Management LLC now owns 15,470 shares of the home improvement retailer’s stock valued at $5,670,000 after acquiring an additional 3,181 shares in the last quarter. Intech Investment Management LLC grew its stake in Home Depot by 1.8% during the first quarter. Intech Investment Management LLC now owns 33,768 shares of the home improvement retailer’s stock valued at $12,376,000 after acquiring an additional 613 shares in the last quarter. Focus Partners Wealth grew its stake in Home Depot by 4.1% during the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer’s stock valued at $155,131,000 after acquiring an additional 16,654 shares in the last quarter. Finally, Strive Asset Management LLC grew its stake in Home Depot by 2.9% during the first quarter. Strive Asset Management LLC now owns 1,761 shares of the home improvement retailer’s stock valued at $645,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.1%

HD stock opened at $415.53 on Wednesday. The firm has a 50 day moving average of $387.12 and a 200 day moving average of $371.68. The stock has a market capitalization of $413.61 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.98 and a beta of 1.00. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the firm posted $4.60 earnings per share. The business’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. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HD shares. Gordon Haskett lifted their price objective on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Stifel Nicolaus raised their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Finally, Robert W. Baird raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $432.52.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, 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. Over the last 90 days, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by corporate insiders.

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.