The Home Depot, Inc. $HD Position Lessened by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,453 shares of the home improvement retailer’s stock after selling 67 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Home Depot were worth $1,999,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Lindenwold Advisors INC lifted its holdings in shares of Home Depot by 1.1% in the 2nd quarter. Lindenwold Advisors INC now owns 5,675 shares of the home improvement retailer’s stock worth $2,081,000 after purchasing an additional 59 shares during the last quarter. Trust Co. of Toledo NA OH raised its stake in Home Depot by 1.8% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 24,378 shares of the home improvement retailer’s stock valued at $8,938,000 after acquiring an additional 424 shares in the last quarter. JNBA Financial Advisors raised its stake in Home Depot by 2.0% during the 2nd quarter. JNBA Financial Advisors now owns 1,524 shares of the home improvement retailer’s stock valued at $559,000 after acquiring an additional 30 shares in the last quarter. Inspire Investing LLC bought a new stake in Home Depot during the 2nd quarter valued at $2,616,000. Finally, KFA Private Wealth Group LLC raised its stake in Home Depot by 151.6% during the 2nd quarter. KFA Private Wealth Group LLC now owns 1,512 shares of the home improvement retailer’s stock valued at $554,000 after acquiring an additional 911 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.5%

HD opened at $375.86 on Friday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. 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 stock’s fifty day moving average is $403.54 and its 200-day moving average is $377.20. The company has a market capitalization of $374.13 billion, a PE ratio of 25.53, a P/E/G ratio of 3.56 and a beta of 1.00.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Wednesday. Stifel Nicolaus lifted their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Wolfe Research initiated coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Morgan Stanley boosted 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. Finally, DA Davidson reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

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.