TD Private Client Wealth LLC Trims Position in The Home Depot, Inc. $HD

TD Private Client Wealth LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,102 shares of the home improvement retailer’s stock after selling 2,101 shares during the period. TD Private Client Wealth LLC’s holdings in Home Depot were worth $6,270,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HD. Abound Financial LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its stake in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new stake in Home Depot during the second quarter worth $40,000. Compass Financial Services Inc acquired a new stake in Home Depot during the first quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the second quarter valued at $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $409.77 on Thursday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year 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 firm has a market capitalization of $407.88 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.90 and a beta of 1.00. The business has a 50 day simple moving average of $397.87 and a 200-day simple moving average of $374.09.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio is 62.50%.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. 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. Robert W. Baird boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Mizuho boosted their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Finally, Wolfe Research began coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.08.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction 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 completion of the sale, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company 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.