Verus Financial Partners Inc. Acquires 34 Shares of The Home Depot, Inc. $HD

Verus Financial Partners Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,156 shares of the home improvement retailer’s stock after purchasing an additional 34 shares during the quarter. Verus Financial Partners Inc.’s holdings in Home Depot were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in Home Depot in the second quarter valued at approximately $28,000. Abound Financial LLC bought a new stake in Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its stake in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares during the period. Global X Japan Co. Ltd. bought a new stake in Home Depot in the second quarter valued at approximately $40,000. Finally, Compass Financial Services Inc bought a new stake in Home Depot in the first quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HD shares. Oppenheimer increased their target price on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Wells Fargo & Company increased their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lowered their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Truist Financial increased their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. One equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $436.40.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% 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 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.6%

Shares of NYSE:HD opened at $394.56 on Friday. The company has a market capitalization of $392.74 billion, a P/E ratio of 26.80, a P/E/G ratio of 3.76 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 business’s 50 day simple moving average is $402.24 and its 200 day simple moving average is $375.89.

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 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 period in the prior year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s dividend payout ratio is currently 62.50%.

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.