Kellett Wealth Advisors LLC Boosts Holdings in The Home Depot, Inc. $HD

Kellett Wealth Advisors LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 15.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 766 shares of the home improvement retailer’s stock after buying an additional 103 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in Home Depot were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. NorthRock Partners LLC boosted its stake in Home Depot by 9.2% during the second quarter. NorthRock Partners LLC now owns 17,663 shares of the home improvement retailer’s stock worth $6,476,000 after buying an additional 1,491 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Home Depot by 6.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 132,670 shares of the home improvement retailer’s stock valued at $48,642,000 after purchasing an additional 7,767 shares during the period. Cascade Investment Advisors Inc. boosted its stake in shares of Home Depot by 1.6% during the second quarter. Cascade Investment Advisors Inc. now owns 3,359 shares of the home improvement retailer’s stock valued at $1,232,000 after purchasing an additional 52 shares during the period. Westchester Capital Management Inc. boosted its stake in shares of Home Depot by 0.9% during the second quarter. Westchester Capital Management Inc. now owns 38,659 shares of the home improvement retailer’s stock valued at $14,174,000 after purchasing an additional 339 shares during the period. Finally, Delaney Dennis R boosted its stake in shares of Home Depot by 1.9% during the second quarter. Delaney Dennis R now owns 16,340 shares of the home improvement retailer’s stock valued at $5,991,000 after purchasing an additional 310 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus boosted 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. Mizuho boosted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, 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 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Home Depot Stock Up 1.0%

NYSE:HD opened at $379.36 on Tuesday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a 50-day moving average of $403.51 and a 200 day moving average of $377.45. The firm has a market cap of $377.61 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

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 business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations 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 was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 2.4%. Home Depot’s payout ratio is currently 62.50%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. 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 in the last three months. 0.10% of the stock is currently owned by insiders.

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.