Vest Financial LLC Purchases 2,965 Shares of The Home Depot, Inc. $HD

Vest Financial LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 36.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,027 shares of the home improvement retailer’s stock after purchasing an additional 2,965 shares during the quarter. Vest Financial LLC’s holdings in Home Depot were worth $4,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot in the 2nd quarter worth approximately $28,000. Abound Financial LLC purchased a new position in Home Depot during the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC boosted its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new position in Home Depot during the 2nd quarter valued at $40,000. Finally, GFG Capital LLC purchased a new position in Home Depot during the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction 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 approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Truist Financial boosted their price objective on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. DA Davidson reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Stifel Nicolaus lifted their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Trading Up 1.0%

HD opened at $379.36 on Tuesday. The firm has a market cap of $377.61 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.57 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 12 month low of $326.31 and a 12 month high of $439.37. The stock has a fifty day moving average price of $403.51 and a 200-day moving average price of $377.45.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is presently 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.