The Home Depot, Inc. $HD Shares Purchased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 8.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,872 shares of the home improvement retailer’s stock after purchasing an additional 730 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Home Depot were worth $3,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV acquired a new position in Home Depot in the 2nd quarter valued at about $263,000. WealthPlan Investment Management LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $1,149,000. Tower View Wealth Management LLC increased its stake in shares of Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after acquiring an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of Home Depot during the 1st quarter valued at about $3,851,000. Finally, Shell Asset Management Co. increased its stake in shares of Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after acquiring an additional 15,002 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HD shares. DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Wolfe Research started coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price for the company. Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Stock Up 0.5%

NYSE HD opened at $386.83 on Friday. The stock has a market cap of $385.04 billion, a PE ratio of 26.28, a P/E/G ratio of 3.65 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business has a 50 day moving average price of $402.68 and a two-hundred day moving average price of $379.19. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last released its quarterly 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). The company had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by 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.