The Home Depot, Inc. $HD Shares Bought by Sard Wealth Management Group LLC

Sard Wealth Management Group LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,023 shares of the home improvement retailer’s stock after buying an additional 54 shares during the quarter. Home Depot makes up 0.7% of Sard Wealth Management Group LLC’s holdings, making the stock its 18th biggest position. Sard Wealth Management Group LLC’s holdings in Home Depot were worth $1,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its position in Home Depot by 0.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 117,708 shares of the home improvement retailer’s stock valued at $43,156,000 after buying an additional 646 shares during the period. Range Financial Group LLC grew its position in Home Depot by 6.6% during the second quarter. Range Financial Group LLC now owns 9,745 shares of the home improvement retailer’s stock valued at $3,573,000 after buying an additional 600 shares during the period. Strategic Advocates LLC acquired a new stake in Home Depot during the second quarter valued at $265,000. FF Advisors LLC grew its position in Home Depot by 17.5% during the second quarter. FF Advisors LLC now owns 733 shares of the home improvement retailer’s stock valued at $269,000 after buying an additional 109 shares during the period. Finally, Everpar Advisors LLC grew its position in Home Depot by 11.9% during the second quarter. Everpar Advisors LLC now owns 2,599 shares of the home improvement retailer’s stock valued at $953,000 after buying an additional 276 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was 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 disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last quarter. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Gordon Haskett increased their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. decreased their price objective 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. DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, TD Securities downgraded shares of Home Depot to a “buy” rating in a report on Monday, June 2nd. One investment 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 company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $432.52.

Home Depot Stock Performance

NYSE:HD opened at $422.88 on Tuesday. The company’s 50-day moving average price is $391.13 and its 200-day moving average price is $372.40. 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 company has a market cap of $420.93 billion, a P/E ratio of 28.73, a P/E/G ratio of 4.01 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the prior year, the business posted $4.60 earnings per share. The business’s quarterly 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. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed 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 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.