HORAN Wealth LLC Buys Shares of 10,812 The Home Depot, Inc. $HD

HORAN Wealth LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,812 shares of the home improvement retailer’s stock, valued at approximately $3,964,000. Home Depot comprises about 1.2% of HORAN Wealth LLC’s portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot in the second quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its position in shares of 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 purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. GFG Capital LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. DA Davidson restated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird upped their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wells Fargo & Company upped their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus upped their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $435.00.

Home Depot Trading Down 2.3%

Shares of Home Depot stock opened at $374.15 on Thursday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a 50 day moving average of $398.78 and a 200 day moving average of $381.19. The firm has a market capitalization of $372.42 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the business earned $4.60 earnings per share. The company’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. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share 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 given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

About Home Depot

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.