Baker Tilly Wealth Management LLC Raises Stock Position in The Home Depot, Inc. $HD

Baker Tilly Wealth Management LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,490 shares of the home improvement retailer’s stock after purchasing an additional 109 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Home Depot were worth $1,280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Abound Financial LLC purchased a new position in shares of Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC boosted its stake in shares of Home Depot by 86.8% during the 1st 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 during the last quarter. Compass Financial Services Inc purchased a new position in shares of Home Depot during the 1st quarter worth $41,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the 2nd quarter worth $41,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in shares of Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered 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. Stifel Nicolaus lifted their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday. They set an “outperform” rating and a $497.00 target price on the stock. DA Davidson restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Telsey Advisory Group restated an “outperform” rating and set 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, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $435.00.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 corporate insiders.

Home Depot Stock Performance

Shares of NYSE HD opened at $417.66 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The company has a market cap of $415.73 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.95 and a beta of 1.00. The firm’s fifty day moving average is $394.02 and its two-hundred day moving average is $373.24. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last posted its 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). 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 the consensus estimate of $45.43 billion. During the same quarter last year, the firm earned $4.60 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts anticipate 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 issued a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s payout ratio is 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.