The Home Depot, Inc. $HD Shares Sold by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,645 shares of the home improvement retailer’s stock after selling 174 shares during the period. Home Depot accounts for approximately 0.8% of Hazlett Burt & Watson Inc.’s portfolio, making the stock its 24th biggest holding. Hazlett Burt & Watson Inc.’s holdings in Home Depot were worth $2,068,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Ellis Investment Partners LLC boosted its stake in shares of Home Depot by 1.4% during the second quarter. Ellis Investment Partners LLC now owns 2,574 shares of the home improvement retailer’s stock valued at $944,000 after acquiring an additional 36 shares during the last quarter. Index Fund Advisors Inc. acquired a new stake in shares of Home Depot during the second quarter valued at $203,000. M3 Advisory Group LLC boosted its stake in shares of Home Depot by 11.9% during the second quarter. M3 Advisory Group LLC now owns 688 shares of the home improvement retailer’s stock valued at $252,000 after acquiring an additional 73 shares during the last quarter. Yarger Wealth Strategies LLC boosted its stake in shares of Home Depot by 13.0% during the second quarter. Yarger Wealth Strategies LLC now owns 1,182 shares of the home improvement retailer’s stock valued at $433,000 after acquiring an additional 136 shares during the last quarter. Finally, Sharp Financial Services LLC boosted its stake in Home Depot by 32.9% in the 2nd quarter. Sharp Financial Services LLC now owns 1,669 shares of the home improvement retailer’s stock worth $612,000 after buying an additional 413 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Truist Financial raised their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Wolfe Research initiated coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Stock Performance

Home Depot stock opened at $375.86 on Monday. The stock’s 50-day moving average is $403.54 and its 200-day moving average is $377.30. The company has a market cap of $374.13 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 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 analysts’ expectations 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 for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,835 shares of company stock worth $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.