Souders Financial Advisors Has $4.12 Million Holdings in The Home Depot, Inc. $HD

Souders Financial Advisors cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,223 shares of the home improvement retailer’s stock after selling 635 shares during the quarter. Souders Financial Advisors’ holdings in Home Depot were worth $4,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mainstay Capital Management LLC ADV purchased a new position in Home Depot during the second quarter valued at approximately $263,000. WealthPlan Investment Management LLC bought a new stake in Home Depot during the second quarter valued at approximately $1,149,000. Tower View Wealth Management LLC lifted its position in Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Home Depot during the 1st quarter valued at $3,851,000. Finally, Shell Asset Management Co. raised its holdings in Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $374.15 on Thursday. The stock has a market cap 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 current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company’s 50 day moving average is $398.78 and its two-hundred day moving average is $381.19.

Home Depot (NYSE:HD) last posted 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 net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same period last year, the business posted $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. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. Wolfe Research began coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. Mizuho increased their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Stifel Nicolaus increased 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $435.00.

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.