The Home Depot, Inc. $HD Shares Sold by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 3,316 shares of the home improvement retailer’s stock after selling 30 shares during the period. Huntleigh Advisors Inc.’s holdings in Home Depot were worth $1,216,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HD. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Home Depot by 7.2% in the 1st quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock valued at $10,237,000 after acquiring an additional 1,880 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Home Depot by 57.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,311 shares of the home improvement retailer’s stock valued at $480,000 after acquiring an additional 476 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in shares of Home Depot by 6.1% in the 1st quarter. Centennial Wealth Advisory LLC now owns 612 shares of the home improvement retailer’s stock valued at $224,000 after acquiring an additional 35 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its holdings in shares of Home Depot by 2.1% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 10,607 shares of the home improvement retailer’s stock valued at $3,887,000 after acquiring an additional 216 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HD shares. Robert W. Baird boosted their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Morgan Stanley boosted 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. DA Davidson reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Finally, Stifel Nicolaus boosted their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. One 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’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $435.42.

Home Depot Trading Up 1.1%

Shares of HD stock opened at $391.79 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a fifty day moving average of $403.70 and a two-hundred day moving average of $377.92. The firm has a market capitalization of $389.98 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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 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 company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. Home Depot’s dividend payout ratio is 62.50%.

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.