Jupiter Wealth Management LLC Reduces Stake in The Home Depot, Inc. $HD

Jupiter Wealth Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,810 shares of the home improvement retailer’s stock after selling 1,813 shares during the quarter. Home Depot makes up approximately 3.1% of Jupiter Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Jupiter Wealth Management LLC’s holdings in Home Depot were worth $4,860,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Abound Financial LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC increased its position in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 46 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its holdings in shares of Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 30 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $45,000. Finally, Vega Investment Solutions purchased a new position in Home Depot during the 4th quarter worth $46,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on HD shares. Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Royal Bank Of Canada decreased their price target on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. Finally, TD Securities downgraded Home Depot to a “buy” rating in a research report on Monday, June 2nd. 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. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $432.52.

Home Depot Trading Down 1.1%

NYSE HD opened at $415.53 on Wednesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market capitalization of $413.61 billion, a PE ratio of 28.23, a P/E/G ratio of 3.98 and a beta of 1.00. The company has a fifty day moving average of $387.12 and a 200 day moving average of $371.68.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction 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 owned 3,837 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 46,532 shares of company stock valued at $18,648,987 in the last three months. 0.10% of the stock is currently 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.