Total Clarity Wealth Management Inc. Has $724,000 Stake in The Home Depot, Inc. $HD

Total Clarity Wealth Management Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 47.7% in the second quarter, Holdings Channel reports. The fund owned 1,974 shares of the home improvement retailer’s stock after selling 1,798 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Home Depot were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Brighton Jones LLC raised its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Home Depot by 7.2% during the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock valued at $10,237,000 after buying an additional 1,880 shares during the last quarter. Azzad Asset Management Inc. ADV acquired a new position in shares of Home Depot during the first quarter valued at about $268,000. Sound Income Strategies LLC raised its position in shares of Home Depot by 0.8% during the first quarter. Sound Income Strategies LLC now owns 4,163 shares of the home improvement retailer’s stock valued at $1,526,000 after buying an additional 32 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Home Depot by 57.0% during the first quarter. Exchange Traded Concepts LLC now owns 1,311 shares of the home improvement retailer’s stock valued at $480,000 after buying an additional 476 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% 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 over the last three months. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Wells Fargo & Company upped their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Stifel Nicolaus upped their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Price Performance

HD opened at $379.36 on Tuesday. 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 current ratio of 1.15 and a quick ratio of 0.34. The company’s 50 day simple moving average is $403.51 and its 200-day simple moving average is $377.45. The stock has a market capitalization of $377.61 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00.

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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the company earned $4.60 earnings per share. Home Depot’s revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is 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.