Moody Lynn & Lieberson LLC Has $25.06 Million Stock Position in The Home Depot, Inc. $HD

Moody Lynn & Lieberson LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,339 shares of the home improvement retailer’s stock after purchasing an additional 1,182 shares during the quarter. Home Depot accounts for approximately 1.4% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 23rd largest position. Moody Lynn & Lieberson LLC’s holdings in Home Depot were worth $25,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in Home Depot during the second quarter worth $28,000. Abound Financial LLC acquired a new stake in Home Depot in the first quarter valued at about $31,000. Iron Horse Wealth Management LLC grew its position in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in Home Depot during the second quarter worth about $40,000. Finally, Compass Financial Services Inc bought a new position in shares of Home Depot in the first quarter worth about $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $410.16 on Monday. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The firm has a market cap of $408.27 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.89 and a beta of 1.00. The firm’s fifty day moving average is $399.85 and its 200-day moving average is $374.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (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 the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction 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 transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last three months. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several research reports. 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 report on Wednesday, August 20th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Stifel Nicolaus increased their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Finally, TD Securities lowered Home Depot to a “buy” rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.