WBH Advisory Inc. Has $2.05 Million Stock Holdings in The Home Depot, Inc. $HD

WBH Advisory Inc. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,600 shares of the home improvement retailer’s stock after selling 87 shares during the period. WBH Advisory Inc.’s holdings in Home Depot were worth $2,053,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Asset Planning Services Inc. LA ADV raised its stake in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock worth $6,954,431,000 after acquiring an additional 18,956,701 shares in the last quarter. Nuveen LLC bought a new stake in shares of Home Depot in the 1st quarter worth about $2,076,592,000. Valeo Financial Advisors LLC increased its position in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in Home Depot during the 2nd quarter valued at about $418,486,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on HD. Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Oppenheimer boosted their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $391.79 on Monday. The company has a 50 day moving average price of $403.70 and a 200 day moving average price of $378.12. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week 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 $389.98 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 3.72 and a beta of 1.00.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is currently 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.