Nicholson Wealth Management Group LLC Boosts Stock Position in The Home Depot, Inc. $HD

Nicholson Wealth Management Group LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,130 shares of the home improvement retailer’s stock after acquiring an additional 138 shares during the quarter. Home Depot accounts for about 1.2% of Nicholson Wealth Management Group LLC’s investment portfolio, making the stock its 20th largest holding. Nicholson Wealth Management Group LLC’s holdings in Home Depot were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Carmel Capital Partners LLC boosted its holdings in Home Depot by 2.1% during the 2nd quarter. Carmel Capital Partners LLC now owns 81,034 shares of the home improvement retailer’s stock valued at $29,710,000 after acquiring an additional 1,653 shares during the period. Chevy Chase Trust Holdings LLC boosted its holdings in Home Depot by 0.9% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 537,241 shares of the home improvement retailer’s stock valued at $196,974,000 after acquiring an additional 4,784 shares during the period. Arista Wealth Management LLC purchased a new stake in Home Depot during the 2nd quarter valued at about $2,411,000. Stratos Wealth Partners LTD. boosted its holdings in Home Depot by 2.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 104,844 shares of the home improvement retailer’s stock valued at $38,440,000 after acquiring an additional 2,220 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Home Depot by 1.0% during the 2nd quarter. Private Trust Co. NA now owns 17,815 shares of the home improvement retailer’s stock valued at $6,532,000 after acquiring an additional 172 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value 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 approximately $18,348,365.30. This represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value 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 $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 1.1%

Shares of NYSE:HD opened at $391.79 on Friday. 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 capitalization of $389.98 billion, a P/E ratio of 26.62, a P/E/G ratio of 3.68 and a beta of 1.00. The stock has a 50 day moving average price of $403.70 and a 200-day moving average price of $377.92. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the company posted $4.60 EPS. The firm’s revenue 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, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. Home Depot’s dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Wells Fargo & Company increased their price objective on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Finally, Morgan Stanley increased their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

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.