Fulcrum Capital LLC Sells 31 Shares of The Home Depot, Inc. $HD

Fulcrum Capital LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 848 shares of the home improvement retailer’s stock after selling 31 shares during the period. Fulcrum Capital LLC’s holdings in Home Depot were worth $311,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in Home Depot in the 2nd quarter valued at about $28,000. Abound Financial LLC bought a new position in Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC increased 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 acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in Home Depot in the second quarter valued at approximately $40,000. Finally, GFG Capital LLC bought a new position in Home Depot in the second quarter valued at approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’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 sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% 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 quarter. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Mizuho increased their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a report on Wednesday. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. One 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Stock Performance

NYSE:HD opened at $375.86 on Friday. The stock has a market cap of $374.13 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 3.56 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 stock’s 50-day moving average is $403.54 and its 200-day moving average is $377.20. 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 posted its 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the firm earned $4.60 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 annualized dividend and a dividend yield of 2.4%. Home Depot’s payout ratio is currently 62.50%.

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.