Werba Rubin Papier Wealth Management boosted its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 17.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,170 shares of the home improvement retailer’s stock after acquiring an additional 171 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Home Depot were worth $429,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of HD. Mainstay Capital Management LLC ADV bought a new stake in shares of Home Depot during the second quarter valued at approximately $263,000. Tower View Wealth Management LLC raised its holdings in shares of Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after buying an additional 671 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Home Depot during the first quarter valued at approximately $3,851,000. Shell Asset Management Co. raised its holdings in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after buying an additional 15,002 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Home Depot during the first quarter valued at approximately $406,000. Institutional investors own 70.86% of the company’s stock.
Insider Transactions at Home Depot
In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred 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 owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 in the last 90 days. 0.10% of the stock is owned by corporate insiders.
Home Depot Trading Down 0.2%
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly 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 business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s payout ratio is 62.50%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HD. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Mizuho raised their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Truist Financial raised their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, DA Davidson reiterated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $435.42.
Get Our Latest Stock Analysis on Home Depot
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.
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