CWS Financial Advisors LLC Sells 1,489 Shares of The Home Depot, Inc. $HD

CWS Financial Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 33.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,927 shares of the home improvement retailer’s stock after selling 1,489 shares during the period. CWS Financial Advisors LLC’s holdings in Home Depot were worth $1,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in Home Depot during the 2nd quarter worth approximately $28,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $35,000. Global X Japan Co. Ltd. bought a new stake in Home Depot during the second quarter worth about $40,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Home Depot in the second quarter worth approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was 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 owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 1.6%

NYSE HD opened at $362.08 on Friday. 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 is $393.15 and its 200 day moving average is $381.69. 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 stock has a market cap of $360.41 billion, a PE ratio of 24.60, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results 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). 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 analysts’ expectations of $45.43 billion. Home Depot’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict 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. Shareholders of record on Thursday, September 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Wolfe Research began coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home Depot in a research report on Thursday. Morgan Stanley boosted 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. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $429.33.

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.