Invenio Wealth Partners LLC Has $772,000 Stake in The Home Depot, Inc. $HD

Invenio Wealth Partners LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,105 shares of the home improvement retailer’s stock after buying an additional 361 shares during the quarter. Invenio Wealth Partners LLC’s holdings in Home Depot were worth $772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Centerpoint Advisory Group boosted its holdings in Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after acquiring an additional 26 shares during the last quarter. Disciplined Investors L.L.C. boosted its stake in shares of Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after purchasing an additional 26 shares during the last quarter. Brio Consultants LLC increased its position in shares of Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after buying an additional 26 shares during the period. Client 1ST Advisory Group LLC raised its stake in Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after buying an additional 27 shares during the last quarter. Finally, Firethorn Wealth Partners LLC lifted its holdings in Home Depot by 1.5% in the second quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock valued at $687,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Home Depot from $454.00 to $421.00 and set a “buy” rating for the company in a report on Friday, November 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Thursday, November 13th. DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Sanford C. Bernstein raised their price objective on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. Finally, Oppenheimer boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $429.33.

Home Depot Trading Down 1.1%

NYSE HD opened at $358.31 on Tuesday. The company has a market cap of $356.66 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The business has a 50 day moving average price of $391.91 and a 200-day moving average price of $382.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($0.10). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is presently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last ninety days. Insiders own 0.10% of the company’s stock.

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.