Private Wealth Asset Management LLC Purchases 35 Shares of The Home Depot, Inc. $HD

Private Wealth Asset Management LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 12,824 shares of the home improvement retailer’s stock after acquiring an additional 35 shares during the quarter. Home Depot comprises about 0.6% of Private Wealth Asset Management LLC’s portfolio, making the stock its 29th biggest holding. Private Wealth Asset Management LLC’s holdings in Home Depot were worth $4,702,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the 2nd quarter valued at $28,000. Abound Financial LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the 2nd quarter valued at $40,000. Finally, GFG Capital LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HD shares. Stifel Nicolaus raised their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Wolfe Research started coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. Mizuho raised their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Truist Financial raised their price objective on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Stock Up 2.2%

Shares of HD opened at $387.72 on Wednesday. The company has a market capitalization of $385.94 billion, a PE ratio of 26.34, a PEG ratio of 3.60 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock’s 50-day moving average price is $403.56 and its two-hundred day moving average price is $377.52. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders 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 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 $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 48,835 shares of company stock worth $19,623,432 over the last three months. Insiders own 0.10% of the company’s stock.

Home Depot 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.