Titleist Asset Management LLC Has $1.15 Million Stake in The Home Depot, Inc. $HD

Titleist Asset Management LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,149 shares of the home improvement retailer’s stock after purchasing an additional 166 shares during the quarter. Titleist Asset Management LLC’s holdings in Home Depot were worth $1,154,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter valued at approximately $406,000. Wealth Management Partners LLC raised its position in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock valued at $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV raised its position in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after purchasing an additional 221 shares during the period. ARS Wealth Advisors Group LLC raised its position in shares of Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock valued at $11,628,000 after purchasing an additional 239 shares during the period. Finally, Tabor Asset Management LP bought a new position in shares of Home Depot in the first quarter valued at approximately $5,886,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD opened at $407.04 on Friday. The stock has a market cap of $405.16 billion, a PE ratio of 27.65, a P/E/G ratio of 3.86 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 1 year low of $326.31 and a 1 year high of $439.37. The stock’s 50 day simple moving average is $380.40 and its 200-day simple moving average is $371.14.

Home Depot (NYSE:HD) last released 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 firm had revenue of $45.28 billion for 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 business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot’s payout ratio is currently 62.50%.

Analyst Ratings Changes

A number of research firms have recently commented on HD. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Stifel Nicolaus increased their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. DA Davidson reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, Gordon Haskett increased their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $432.52.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business’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 sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,532 shares of company stock valued at $18,648,987 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

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.