The Home Depot, Inc. $HD Shares Sold by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,363 shares of the home improvement retailer’s stock after selling 85 shares during the quarter. Home Depot makes up 1.3% of Chung Wu Investment Group LLC’s portfolio, making the stock its 19th biggest holding. Chung Wu Investment Group LLC’s holdings in Home Depot were worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Valeo Financial Advisors LLC increased its position in Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares in the last quarter. Woodmont Investment Counsel LLC lifted its holdings in Home Depot by 0.6% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 16,517 shares of the home improvement retailer’s stock valued at $6,056,000 after purchasing an additional 95 shares in the last quarter. Grimes & Company Inc. boosted its stake in shares of Home Depot by 13.3% during the 2nd quarter. Grimes & Company Inc. now owns 7,453 shares of the home improvement retailer’s stock worth $2,733,000 after purchasing an additional 872 shares during the last quarter. Three Bridge Wealth Advisors LLC boosted its stake in shares of Home Depot by 37.9% during the 2nd quarter. Three Bridge Wealth Advisors LLC now owns 2,589 shares of the home improvement retailer’s stock worth $949,000 after purchasing an additional 712 shares during the last quarter. Finally, JSF Financial LLC grew its holdings in shares of Home Depot by 27.7% during the second quarter. JSF Financial LLC now owns 3,376 shares of the home improvement retailer’s stock worth $1,238,000 after buying an additional 732 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $394.88 on Monday. The company has a market cap of $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 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 stock has a 50-day moving average price of $402.63 and a two-hundred day moving average price of $376.51. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

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 the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the prior year, the firm earned $4.60 earnings per share. The business’s revenue for the quarter 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, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction on 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 directly owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HD shares. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. Truist Financial lifted their price objective on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus raised their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, Morgan Stanley lifted their price target on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $436.40.

About Home Depot

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.