Cabot Wealth Management Inc. Cuts Holdings in The Home Depot, Inc. $HD

Cabot Wealth Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 0.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,405 shares of the home improvement retailer’s stock after selling 37 shares during the period. Home Depot comprises 1.5% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 24th biggest position. Cabot Wealth Management Inc.’s holdings in Home Depot were worth $12,614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. GAMMA Investing LLC increased its holdings in Home Depot by 7.2% in the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer’s stock valued at $10,237,000 after buying an additional 1,880 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Home Depot by 18.1% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,363 shares of the home improvement retailer’s stock valued at $500,000 after buying an additional 209 shares in the last quarter. Canvas Wealth Advisors LLC grew its position in shares of Home Depot by 22.0% in the first quarter. Canvas Wealth Advisors LLC now owns 2,564 shares of the home improvement retailer’s stock valued at $909,000 after purchasing an additional 463 shares during the period. Finally, Border to Coast Pensions Partnership Ltd grew its position in shares of Home Depot by 5.9% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 210,536 shares of the home improvement retailer’s stock valued at $77,159,000 after purchasing an additional 11,801 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $386.83 on Friday. The company’s 50-day moving average price is $402.68 and its 200-day moving average price is $379.51. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market cap of $385.04 billion, a P/E ratio of 26.28, a P/E/G ratio of 3.67 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research report on Saturday. Robert W. Baird lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Oppenheimer lifted their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $435.42.

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.