Evermay Wealth Management LLC Sells 131 Shares of The Home Depot, Inc. $HD

Evermay Wealth Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,845 shares of the home improvement retailer’s stock after selling 131 shares during the quarter. Evermay Wealth Management LLC’s holdings in Home Depot were worth $2,510,000 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 HD. Orin Green Financial LLC bought a new position in Home Depot in the second quarter valued at $204,000. Lyell Wealth Management LP lifted its stake in Home Depot by 1.4% during the second quarter. Lyell Wealth Management LP now owns 45,026 shares of the home improvement retailer’s stock worth $16,508,000 after purchasing an additional 630 shares during the last quarter. Accretive Wealth Partners LLC boosted its holdings in shares of Home Depot by 1.4% in the 2nd quarter. Accretive Wealth Partners LLC now owns 5,670 shares of the home improvement retailer’s stock worth $2,079,000 after purchasing an additional 76 shares in the last quarter. Stephens Inc. AR increased its position in shares of Home Depot by 1.2% during the 2nd quarter. Stephens Inc. AR now owns 62,713 shares of the home improvement retailer’s stock valued at $22,993,000 after purchasing an additional 741 shares during the last quarter. Finally, Balboa Wealth Partners raised its holdings in shares of Home Depot by 1.5% during the 2nd quarter. Balboa Wealth Partners now owns 3,833 shares of the home improvement retailer’s stock valued at $1,405,000 after buying an additional 58 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Morgan Stanley boosted their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Robert W. Baird upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Up 1.1%

Shares of HD stock opened at $391.79 on Monday. The company’s fifty day simple moving average is $403.70 and its two-hundred day simple moving average is $378.12. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market cap of $389.98 billion, a P/E ratio of 26.62, a PEG ratio of 3.72 and a beta of 1.00. 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 issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during 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 company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is 62.50%.

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.