The Home Depot, Inc. $HD Position Reduced by Charles Schwab Trust Co

Charles Schwab Trust Co decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 27.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,460 shares of the home improvement retailer’s stock after selling 1,688 shares during the period. Charles Schwab Trust Co’s holdings in Home Depot were worth $1,635,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Tiller Private Wealth Inc. raised its holdings in Home Depot by 8.4% during the 2nd quarter. Tiller Private Wealth Inc. now owns 934 shares of the home improvement retailer’s stock worth $343,000 after purchasing an additional 72 shares during the last quarter. Chatham Capital Group Inc. increased its holdings in shares of Home Depot by 4.2% during the second quarter. Chatham Capital Group Inc. now owns 14,475 shares of the home improvement retailer’s stock valued at $5,307,000 after acquiring an additional 589 shares in the last quarter. Blossom Wealth Management boosted its position in Home Depot by 1.9% in the second quarter. Blossom Wealth Management now owns 2,164 shares of the home improvement retailer’s stock worth $793,000 after purchasing an additional 41 shares during the last quarter. KG&L Capital Management LLC increased its stake in Home Depot by 3.5% in the 2nd quarter. KG&L Capital Management LLC now owns 8,455 shares of the home improvement retailer’s stock worth $3,100,000 after acquiring an additional 288 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its holdings in Home Depot by 19.3% during the 2nd quarter. Tempus Wealth Planning LLC now owns 3,428 shares of the home improvement retailer’s stock valued at $1,257,000 after buying an additional 555 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HD. TD Securities cut Home Depot to a “buy” rating in a research note on Monday, June 2nd. Wells Fargo & Company upped their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Mizuho raised their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $436.40.

Home Depot Stock Up 0.7%

HD stock opened at $410.16 on Friday. The business has a fifty day moving average price of $399.85 and a 200-day moving average price of $374.68. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. 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 stock has a market capitalization of $408.27 billion, a P/E ratio of 27.86, a P/E/G ratio of 3.89 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 analyst estimates of $45.43 billion. During the same period in the previous year, the business earned $4.60 EPS. The firm’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. Equities analysts forecast 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 $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were 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 $18,348,365.30. The trade was a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on 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. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

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.