Wealthcare Advisory Partners LLC Acquires 1,421 Shares of The Home Depot, Inc. $HD

Wealthcare Advisory Partners LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 3.9% in the second quarter, HoldingsChannel reports. The firm owned 38,028 shares of the home improvement retailer’s stock after purchasing an additional 1,421 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Home Depot were worth $13,942,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tower View Wealth Management LLC grew its holdings 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 purchasing an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Home Depot in the 1st quarter valued at $3,851,000. Financial Gravity Asset Management Inc. acquired a new position in Home Depot in the 1st quarter valued at $406,000. Arbor Capital Management Inc. ADV raised its holdings in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock worth $1,757,000 after acquiring an additional 221 shares during the period. Finally, Focus Partners Wealth lifted its position in Home Depot by 4.1% during the 1st quarter. Focus Partners Wealth now owns 423,287 shares of the home improvement retailer’s stock worth $155,131,000 after acquiring an additional 16,654 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $394.88 on Friday. The stock has a market capitalization of $393.06 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm’s 50-day moving average price is $402.63 and its two-hundred day moving average price is $376.37.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Stifel Nicolaus upped their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Wolfe Research started coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $436.40.

Insider Buying and Selling at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last three months. Insiders own 0.10% of the company’s stock.

Home Depot 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.