Blossom Wealth Management Boosts Holdings in The Home Depot, Inc. $HD

Blossom Wealth Management boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the second quarter, HoldingsChannel.com reports. The fund owned 2,164 shares of the home improvement retailer’s stock after buying an additional 41 shares during the quarter. Home Depot comprises about 1.4% of Blossom Wealth Management’s investment portfolio, making the stock its 19th biggest holding. Blossom Wealth Management’s holdings in Home Depot were worth $793,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. KG&L Capital Management LLC increased its stake in shares of Home Depot by 3.5% during the 2nd quarter. KG&L Capital Management LLC now owns 8,455 shares of the home improvement retailer’s stock worth $3,100,000 after purchasing an additional 288 shares in the last quarter. Tempus Wealth Planning LLC grew its holdings in Home Depot by 19.3% during the 2nd quarter. Tempus Wealth Planning LLC now owns 3,428 shares of the home improvement retailer’s stock valued at $1,257,000 after buying an additional 555 shares during the last quarter. LVW Advisors LLC grew its holdings in Home Depot by 1.3% during the 2nd quarter. LVW Advisors LLC now owns 8,248 shares of the home improvement retailer’s stock valued at $3,024,000 after buying an additional 103 shares during the last quarter. TOWER TRUST & INVESTMENT Co increased its position in Home Depot by 1.6% during the second quarter. TOWER TRUST & INVESTMENT Co now owns 2,665 shares of the home improvement retailer’s stock worth $977,000 after buying an additional 43 shares in the last quarter. Finally, ORG Wealth Partners LLC raised its holdings in shares of Home Depot by 7.0% in the second quarter. ORG Wealth Partners LLC now owns 5,532 shares of the home improvement retailer’s stock worth $2,070,000 after acquiring an additional 360 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.7%

Shares of HD stock opened at $410.16 on Friday. The firm’s 50-day simple moving average is $399.85 and its 200-day simple moving average is $374.68. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm has a market cap of $408.27 billion, a P/E ratio of 27.86, a PEG ratio of 3.89 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on HD. DA Davidson reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. decreased their price target 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. Morgan Stanley boosted their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $436.40.

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.