Fingerlakes Wealth Management Inc. Lowers Position in The Home Depot, Inc. $HD

Fingerlakes Wealth Management Inc. lessened its stake in The Home Depot, Inc. (NYSE:HD) by 4.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,662 shares of the home improvement retailer’s stock after selling 119 shares during the quarter. Fingerlakes Wealth Management Inc.’s holdings in Home Depot were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of HD. Brighton Jones LLC boosted its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. GAMMA Investing LLC boosted its position in Home Depot by 7.2% in the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock worth $10,237,000 after purchasing an additional 1,880 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Home Depot by 1.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 238,098 shares of the home improvement retailer’s stock worth $87,260,000 after purchasing an additional 4,319 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its position in Home Depot by 21.2% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 1,712 shares of the home improvement retailer’s stock worth $628,000 after purchasing an additional 300 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. increased its position in shares of Home Depot by 1.8% in the first quarter. Prairie Wealth Advisors Inc. now owns 2,554 shares of the home improvement retailer’s stock valued at $936,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HD shares. Wolfe Research started coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. 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 company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $435.42.

Home Depot Stock Performance

Shares of NYSE:HD opened at $388.91 on Tuesday. 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 business’s 50 day moving average price is $403.72 and its 200-day moving average price is $378.37. The firm has a market capitalization of $387.12 billion, a PE ratio of 26.42, a P/E/G ratio of 3.72 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly 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 firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. 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 2.4%. Home Depot’s payout ratio is 62.50%.

Insider Activity at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’s 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 transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 in the last three months. Company insiders own 0.10% of the company’s stock.

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.