The Home Depot, Inc. $HD Shares Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,168 shares of the home improvement retailer’s stock after buying an additional 191 shares during the quarter. Home Depot accounts for about 0.9% of Weaver Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Weaver Capital Management LLC’s holdings in Home Depot were worth $3,728,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new position in Home Depot in the 2nd quarter worth about $28,000. Abound Financial LLC purchased a new position in shares of Home Depot in the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC increased its position in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot in the second quarter worth approximately $40,000. Finally, Compass Financial Services Inc purchased a new position in shares of Home Depot in the first quarter worth approximately $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 1.6%

Shares of NYSE:HD opened at $377.66 on Friday. The stock has a market capitalization of $375.92 billion, a PE ratio of 25.66, a P/E/G ratio of 3.64 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a fifty day moving average price of $403.50 and a 200 day moving average price of $376.99. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.60 earnings per share. 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 EPS for the current fiscal year.

Home Depot Dividend Announcement

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 of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Activity

In other Home Depot news, 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 transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective 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. Truist Financial lifted their price target on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Morgan Stanley upped their target price on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $435.42.

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.