Triad Wealth Partners LLC Purchases 353 Shares of The Home Depot, Inc. $HD

Triad Wealth Partners LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 14.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,761 shares of the home improvement retailer’s stock after purchasing an additional 353 shares during the quarter. Triad Wealth Partners LLC’s holdings in Home Depot were worth $1,012,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HD. Brighton Jones LLC raised its holdings in Home Depot by 36.5% in the fourth 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. Sendero Wealth Management LLC bought a new position in Home Depot in the first quarter worth $221,000. Clare Market Investments LLC raised its holdings in Home Depot by 41.4% in the first quarter. Clare Market Investments LLC now owns 1,715 shares of the home improvement retailer’s stock worth $629,000 after purchasing an additional 502 shares in the last quarter. Lifestyle Asset Management Inc. raised its holdings in Home Depot by 10.5% in the first quarter. Lifestyle Asset Management Inc. now owns 1,017 shares of the home improvement retailer’s stock worth $373,000 after purchasing an additional 97 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC raised its holdings in Home Depot by 3.5% in the first quarter. Warren Street Wealth Advisors LLC now owns 1,206 shares of the home improvement retailer’s stock worth $442,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president directly owned 16,057 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.6%

Shares of NYSE:HD opened at $394.56 on Friday. The stock has a market capitalization of $392.74 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 3.76 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock’s 50-day simple moving average is $402.24 and its two-hundred day simple moving average is $375.89. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last announced 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HD shares. Stifel Nicolaus raised their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Wolfe Research assumed coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Finally, Morgan Stanley increased their price objective on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $436.40.

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.