The Home Depot, Inc. $HD Shares Sold by One Wealth Capital Management LLC

One Wealth Capital Management LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 961 shares of the home improvement retailer’s stock after selling 142 shares during the quarter. One Wealth Capital Management LLC’s holdings in Home Depot were worth $352,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HD. Nuveen LLC purchased a new position in shares of Home Depot during the 1st quarter worth about $2,076,592,000. Valeo Financial Advisors LLC raised its stake in Home Depot by 16,746.9% during the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Home Depot during the second quarter valued at about $418,486,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after acquiring an additional 891,326 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $370.71 on Friday. The firm has a market cap of $369.00 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 3.59 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. The firm’s 50-day simple moving average is $397.28 and its 200-day simple moving average is $381.27. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter last year, the business earned $4.60 earnings per share. The business’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. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. Home Depot’s dividend payout ratio is 62.50%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HD. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Sanford C. Bernstein boosted their price objective on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Wolfe Research initiated coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. Finally, Mizuho boosted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.82.

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.