The Home Depot, Inc. $HD Shares Sold by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,300 shares of the home improvement retailer’s stock after selling 1,219 shares during the period. Home Depot makes up 2.0% of Laffer Tengler Investments Inc.’s holdings, making the stock its 12th biggest holding. Laffer Tengler Investments Inc.’s holdings in Home Depot were worth $11,109,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at approximately $10,809,000. Allworth Financial LP grew its position in Home Depot by 16.9% in the second quarter. Allworth Financial LP now owns 201,003 shares of the home improvement retailer’s stock worth $73,696,000 after acquiring an additional 28,994 shares during the period. Addison Advisors LLC increased its stake in Home Depot by 6.9% during the second quarter. Addison Advisors LLC now owns 4,495 shares of the home improvement retailer’s stock worth $1,648,000 after acquiring an additional 289 shares during the last quarter. Cypress Capital LLC raised its position in Home Depot by 2.6% in the second quarter. Cypress Capital LLC now owns 7,767 shares of the home improvement retailer’s stock valued at $2,848,000 after purchasing an additional 194 shares during the period. Finally, Tillman Hartley LLC purchased a new stake in Home Depot in the second quarter valued at $251,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.4%

Shares of NYSE:HD opened at $370.71 on Monday. 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 firm has a market capitalization 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 firm’s 50-day moving average is $397.28 and its two-hundred day moving average is $381.63. 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 posted its quarterly earnings data 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). The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.60 EPS. 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 year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. Home Depot’s payout ratio is 62.50%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HD. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Oppenheimer increased their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Truist Financial reduced their price target on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Wolfe Research initiated coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $434.82.

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

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.