The Home Depot, Inc. $HD Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,039 shares of the home improvement retailer’s stock after selling 3,699 shares during the quarter. Home Depot comprises 1.2% of Private Wealth Partners LLC’s portfolio, making the stock its 25th largest position. Private Wealth Partners LLC’s holdings in Home Depot were worth $15,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mainstay Capital Management LLC ADV acquired a new stake in Home Depot during the second quarter valued at approximately $263,000. WealthPlan Investment Management LLC acquired a new stake in Home Depot during the second quarter valued at approximately $1,149,000. Tower View Wealth Management LLC raised its stake in 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 in the last quarter. Ransom Advisory Ltd acquired a new stake in Home Depot during the first quarter valued at approximately $3,851,000. Finally, Shell Asset Management Co. raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $385.44 on Tuesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a market capitalization of $383.66 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. The business has a 50 day simple moving average of $402.49 and a 200 day simple moving average of $379.90. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period last year, the company earned $4.60 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current 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 issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is 62.50%.

Analysts Set New Price Targets

Several brokerages have issued reports on HD. Robert W. Baird upped their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Morgan Stanley increased their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Wolfe Research began coverage on Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. Truist Financial increased their price target on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Oppenheimer increased their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $434.35.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

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.