The Home Depot, Inc. $HD Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. lessened its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,749 shares of the home improvement retailer’s stock after selling 509 shares during the period. Home Depot comprises 1.2% of Weatherly Asset Management L. P.’s portfolio, making the stock its 20th biggest holding. Weatherly Asset Management L. P.’s holdings in Home Depot were worth $14,207,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC increased its holdings in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 46 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in Home Depot during the second quarter valued at approximately $40,000. Compass Financial Services Inc bought a new stake in shares of Home Depot in the 1st quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were 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 in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% 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, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Finally, Wells Fargo & Company lifted their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $435.00.

Home Depot Stock Performance

Home Depot stock opened at $415.77 on Friday. The company has a market cap of $413.85 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 3.96 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. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company’s 50-day moving average price is $394.94 and its 200-day moving average price is $373.48.

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 company had revenue of $45.28 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 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.