Modera Wealth Management LLC Has $30.56 Million Stock Position in The Home Depot, Inc. $HD

Modera Wealth Management LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,361 shares of the home improvement retailer’s stock after selling 709 shares during the period. Modera Wealth Management LLC’s holdings in Home Depot were worth $30,564,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Soltis Investment Advisors LLC lifted its stake in Home Depot by 20.4% in the second quarter. Soltis Investment Advisors LLC now owns 5,215 shares of the home improvement retailer’s stock valued at $1,912,000 after buying an additional 883 shares during the period. Washington Trust Bank raised its position in shares of Home Depot by 4.9% in the 2nd quarter. Washington Trust Bank now owns 48,306 shares of the home improvement retailer’s stock valued at $17,711,000 after acquiring an additional 2,274 shares during the period. Achmea Investment Management B.V. grew its holdings in Home Depot by 8.2% during the second quarter. Achmea Investment Management B.V. now owns 145,671 shares of the home improvement retailer’s stock valued at $53,409,000 after purchasing an additional 11,028 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Home Depot by 18.6% during the 2nd quarter. Golden State Wealth Management LLC now owns 6,775 shares of the home improvement retailer’s stock valued at $2,484,000 after purchasing an additional 1,063 shares in the last quarter. Finally, HORAN Wealth LLC bought a new stake in Home Depot in the 2nd quarter valued at $3,964,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD opened at $369.16 on Friday. 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’s fifty day simple moving average is $398.00 and its 200 day simple moving average is $381.11. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a market cap of $367.46 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.59 and a beta of 1.00.

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 analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s revenue was up 4.9% on a year-over-year basis. 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, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’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 transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last ninety days. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Oppenheimer lifted their target price on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Morgan Stanley upped their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, Truist Financial increased their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $435.00.

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.