The Home Depot, Inc. $HD Shares Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886 shares of the home improvement retailer’s stock after acquiring an additional 99 shares during the period. Fairvoy Private Wealth LLC’s holdings in Home Depot were worth $691,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in Home Depot in the second quarter valued at $28,000. Abound Financial LLC bought a new stake in Home Depot during the first quarter valued at $31,000. Iron Horse Wealth Management LLC increased its stake in 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 valued at $36,000 after purchasing an additional 46 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in Home Depot during the second quarter valued at $40,000. Finally, Compass Financial Services Inc bought a new stake in Home Depot during the first quarter valued at $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Angie Brown sold 1,000 shares of the firm’s 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 transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HD shares. Mizuho boosted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Wolfe Research started coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $436.40.

Home Depot Stock Down 0.0%

Home Depot stock opened at $394.88 on Friday. The company has a 50-day simple moving average of $402.63 and a 200-day simple moving average of $376.21. The firm has a market capitalization of $393.06 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results 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). The firm had revenue of $45.28 billion for 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 was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

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.