Noesis Capital Mangement Corp Sells 80 Shares of The Home Depot, Inc. $HD

Noesis Capital Mangement Corp lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,697 shares of the home improvement retailer’s stock after selling 80 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Home Depot were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Brighton Jones LLC boosted its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Home Depot by 13.3% in the first quarter. Golden State Wealth Management LLC now owns 5,712 shares of the home improvement retailer’s stock valued at $2,093,000 after acquiring an additional 669 shares during the period. Rovin Capital UT ADV boosted its position in shares of Home Depot by 8.8% in the first quarter. Rovin Capital UT ADV now owns 666 shares of the home improvement retailer’s stock valued at $244,000 after acquiring an additional 54 shares during the period. Yukon Wealth Management Inc. bought a new position in shares of Home Depot in the first quarter valued at approximately $364,000. Finally, Pictet North America Advisors SA boosted its position in shares of Home Depot by 2.3% in the first quarter. Pictet North America Advisors SA now owns 13,987 shares of the home improvement retailer’s stock valued at $5,126,000 after acquiring an additional 321 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Mizuho raised their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Truist Financial raised their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $434.35.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of Home Depot 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 transaction, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 2.1%

Shares of Home Depot stock opened at $377.50 on Thursday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market cap of $375.76 billion, a PE ratio of 25.65, a PEG ratio of 3.66 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a 50 day simple moving average of $401.60 and a two-hundred day simple moving average of $380.30.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the firm earned $4.60 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s payout ratio is presently 62.50%.

Home Depot 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.