Curated Wealth Partners LLC Has $446,000 Position in The Home Depot, Inc. $HD

Curated Wealth Partners LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,216 shares of the home improvement retailer’s stock after selling 29 shares during the quarter. Curated Wealth Partners LLC’s holdings in Home Depot were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Private Wealth Asset Management LLC increased its position in Home Depot by 0.3% in the 2nd quarter. Private Wealth Asset Management LLC now owns 12,824 shares of the home improvement retailer’s stock valued at $4,702,000 after acquiring an additional 35 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in Home Depot by 1.4% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,769 shares of the home improvement retailer’s stock valued at $5,415,000 after acquiring an additional 203 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its holdings in Home Depot by 4.0% in the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 253,674 shares of the home improvement retailer’s stock valued at $93,073,000 after purchasing an additional 9,660 shares during the period. Brown Financial Advisory increased its holdings in Home Depot by 31.1% in the second quarter. Brown Financial Advisory now owns 1,053 shares of the home improvement retailer’s stock valued at $386,000 after purchasing an additional 250 shares during the period. Finally, JGP Wealth Management LLC increased its holdings in Home Depot by 2.2% in the second quarter. JGP Wealth Management LLC now owns 11,627 shares of the home improvement retailer’s stock valued at $4,263,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Robert W. Baird increased their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target for the company. Mizuho raised 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, Morgan Stanley lifted their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One equities 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. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Stock Performance

Shares of HD stock opened at $387.72 on Wednesday. The company has a market cap of $385.94 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a 50 day moving average of $403.56 and a 200-day moving average of $377.52.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 32,897 shares of Home Depot 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 completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This represents a 25.45% 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 worth $19,623,432 over the last 90 days. 0.10% of the stock is 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.