Clearstead Trust LLC Has $2.60 Million Stake in The Home Depot, Inc. $HD

Clearstead Trust LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,087 shares of the home improvement retailer’s stock after acquiring an additional 552 shares during the period. Clearstead Trust LLC’s holdings in Home Depot were worth $2,598,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the second quarter valued at $28,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Home Depot during the second quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the second quarter worth approximately $35,000. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot during the second quarter valued at approximately $40,000. Finally, GFG Capital LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Home Depot stock opened at $367.70 on Friday. 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 firm has a market capitalization of $366.00 billion, a P/E ratio of 24.98, a PEG ratio of 3.59 and a beta of 1.00. The business has a 50-day moving average of $394.28 and a 200-day moving average of $381.65. 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 released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion for 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 firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued 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 2.5%. Home Depot’s payout ratio is 62.50%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Sanford C. Bernstein lifted their price objective on Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. Robert W. Baird boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.00.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’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 completion of the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,835 shares of company stock worth $19,623,432 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

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.