Red Mountain Financial LLC Has $571,000 Holdings in The Home Depot, Inc. $HD

Red Mountain Financial LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 3.1% in the 2nd quarter, Holdings Channel reports. The firm owned 1,660 shares of the home improvement retailer’s stock after buying an additional 50 shares during the quarter. Home Depot accounts for 0.7% of Red Mountain Financial LLC’s portfolio, making the stock its 28th biggest holding. Red Mountain Financial LLC’s holdings in Home Depot were worth $571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ransom Advisory Ltd acquired a new position in Home Depot during the 1st quarter worth $3,851,000. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter worth about $406,000. Wealth Management Partners LLC increased its stake in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV increased its stake in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock worth $1,757,000 after purchasing an additional 221 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Home Depot by 4.1% in the first quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer’s stock worth $155,131,000 after purchasing an additional 16,654 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $394.56 on Friday. The stock has a market cap of $392.74 billion, a P/E ratio of 26.80, a PEG ratio of 3.76 and a beta of 1.00. The company’s 50-day simple moving average is $402.24 and its 200 day simple moving average is $375.89. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 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 for the quarter, missing analysts’ consensus estimates 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 net margin of 8.86% and a return on equity of 193.99%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s payout ratio is presently 62.50%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HD shares. Robert W. Baird lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Morgan Stanley lifted their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Oppenheimer lifted their price objective 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. Truist Financial lifted their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Wolfe Research assumed coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective for the company. One research 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 stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $436.40.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

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.