Hemington Wealth Management Purchases 72 Shares of The Home Depot, Inc. $HD

Hemington Wealth Management boosted its position in The Home Depot, Inc. (NYSE:HD) by 2.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,555 shares of the home improvement retailer’s stock after acquiring an additional 72 shares during the quarter. Hemington Wealth Management’s holdings in Home Depot were worth $936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Legend Financial Advisors Inc. bought a new stake in Home Depot in the 2nd quarter valued at about $28,000. Abound Financial LLC bought a new stake in Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC increased its holdings in Home Depot by 86.8% during 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. Global X Japan Co. Ltd. bought a new stake in Home Depot during the 2nd quarter worth approximately $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $40,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $375.86 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock’s 50 day moving average price is $403.54 and its 200-day moving average price is $377.20. The company has a market capitalization of $374.13 billion, a PE ratio of 25.53, a PEG ratio of 3.56 and a beta of 1.00. 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 announced 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 during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the firm earned $4.60 EPS. Home Depot’s quarterly revenue was up 4.9% on a year-over-year basis. 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 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 was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Stifel Nicolaus boosted their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $435.42.

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.