Topsail Wealth Management LLC Reduces Position in The Home Depot, Inc. $HD

Topsail Wealth Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,754 shares of the home improvement retailer’s stock after selling 158 shares during the period. Topsail Wealth Management LLC’s holdings in Home Depot were worth $1,010,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Conservest Capital Advisors Inc. grew its stake in Home Depot by 3.0% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 1,297 shares of the home improvement retailer’s stock valued at $476,000 after acquiring an additional 38 shares in the last quarter. Fiduciary Wealth Partners LLC grew its stake in Home Depot by 1,190.3% during the 2nd quarter. Fiduciary Wealth Partners LLC now owns 4,271 shares of the home improvement retailer’s stock valued at $1,566,000 after acquiring an additional 3,940 shares in the last quarter. Interchange Capital Partners LLC grew its stake in Home Depot by 0.4% during the 2nd quarter. Interchange Capital Partners LLC now owns 7,690 shares of the home improvement retailer’s stock valued at $2,819,000 after acquiring an additional 28 shares in the last quarter. Brighton Jones LLC grew its stake in Home Depot by 6.9% during the 2nd quarter. Brighton Jones LLC now owns 28,212 shares of the home improvement retailer’s stock valued at $10,344,000 after acquiring an additional 1,829 shares in the last quarter. Finally, Stegent Equity Advisors Inc. grew its stake in Home Depot by 20.1% during the 2nd quarter. Stegent Equity Advisors Inc. now owns 980 shares of the home improvement retailer’s stock valued at $359,000 after acquiring an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $386.83 on Friday. The firm has a 50 day simple moving average of $402.68 and a 200-day simple moving average of $379.51. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. 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 stock has a market cap of $385.04 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00.

Home Depot (NYSE:HD) last issued 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 earnings per share. The business’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. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is currently 62.50%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction that occurred on 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 approximately $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Oppenheimer upped their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Robert W. Baird increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $435.42.

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.