Measured Wealth Private Client Group LLC Acquires 220 Shares of The Home Depot, Inc. $HD

Measured Wealth Private Client Group LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 29.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 955 shares of the home improvement retailer’s stock after buying an additional 220 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Home Depot were worth $350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot during the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot in the 2nd quarter worth approximately $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 2nd quarter worth approximately $35,000. Global X Japan Co. Ltd. acquired a new position in Home Depot during the 2nd quarter worth $40,000. Finally, GFG Capital LLC bought a new position in Home Depot in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $356.14 on Friday. The business has a 50 day simple moving average of $379.77 and a 200 day simple moving average of $380.66. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $436.36. The stock has a market cap of $354.49 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Gordon Haskett dropped their price objective on Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Bank of America reduced their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Royal Bank Of Canada cut their price target on Home Depot from $401.00 to $376.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 19th. Finally, Truist Financial set a $379.00 price objective on Home Depot in a report on Tuesday, November 18th. Twenty-two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $404.60.

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.