EPG Wealth Management LLC Sells 1,239 Shares of The Home Depot, Inc. $HD

EPG Wealth Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 24.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,893 shares of the home improvement retailer’s stock after selling 1,239 shares during the period. EPG Wealth Management LLC’s holdings in Home Depot were worth $1,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State of Michigan Retirement System raised its position in Home Depot by 10.3% during the second quarter. State of Michigan Retirement System now owns 330,284 shares of the home improvement retailer’s stock valued at $121,095,000 after acquiring an additional 30,800 shares in the last quarter. Castlekeep Investment Advisors LLC raised its position in shares of Home Depot by 9.1% in the second quarter. Castlekeep Investment Advisors LLC now owns 3,263 shares of the home improvement retailer’s stock valued at $1,196,000 after purchasing an additional 272 shares during the period. Gilbert & Cook Inc. raised its position in shares of Home Depot by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 4,169 shares of the home improvement retailer’s stock valued at $1,529,000 after purchasing an additional 107 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Home Depot in the second quarter valued at approximately $27,498,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Home Depot by 0.5% in the second quarter. GHP Investment Advisors Inc. now owns 15,170 shares of the home improvement retailer’s stock valued at $5,562,000 after purchasing an additional 72 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, EVP William D. Bastek sold 2,303 shares of Home Depot 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 sale, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

Home Depot Trading Up 0.1%

Shares of Home Depot stock opened at $379.75 on Monday. The company’s fifty day simple moving average is $400.57 and its 200-day simple moving average is $380.88. The company has a market cap of $378.00 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 3.59 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.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company 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 revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current 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 paid a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. 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. Wells Fargo & Company lifted their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Oppenheimer lifted their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $434.35.

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.