U S Wealth Group LLC. Sells 1,736 Shares of The Home Depot, Inc. $HD

U S Wealth Group LLC. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 22.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,898 shares of the home improvement retailer’s stock after selling 1,736 shares during the quarter. Home Depot comprises approximately 1.7% of U S Wealth Group LLC.’s holdings, making the stock its 26th largest position. U S Wealth Group LLC.’s holdings in Home Depot were worth $2,162,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HD. Abound Financial LLC bought a new stake in shares of Home Depot in the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted its position in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 46 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its position in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after purchasing an additional 30 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $45,000. Finally, Vega Investment Solutions bought a new position in Home Depot in the 4th quarter valued at approximately $46,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,532 shares of company stock worth $18,648,987 in the last three months. 0.10% of the stock is owned by company insiders.

Home Depot Trading Up 1.7%

NYSE:HD opened at $418.70 on Friday. 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 firm has a market capitalization of $416.77 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The business has a fifty day moving average price of $385.21 and a 200-day moving average price of $371.29.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 analysts’ expectations 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 for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

Several research firms recently issued reports on HD. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities cut Home Depot to a “buy” rating in a report on Monday, June 2nd. Morgan Stanley increased their price target on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Royal Bank Of Canada lowered their price target on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. One investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $432.52.

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.