PAX Financial Group LLC Trims Holdings in The Home Depot, Inc. $HD

PAX Financial Group LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 21.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,237 shares of the home improvement retailer’s stock after selling 614 shares during the quarter. PAX Financial Group LLC’s holdings in Home Depot were worth $820,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HD. Legend Financial Advisors Inc. bought a new position in shares of Home Depot in the second quarter worth $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot during the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the 2nd quarter worth $35,000. Global X Japan Co. Ltd. bought a new stake in Home Depot in the second quarter worth $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot in the second quarter worth about $40,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Truist Financial decreased their price target on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Gordon Haskett cut their price target on shares of Home Depot from $400.00 to $345.00 in a report on Monday, November 10th. Morgan Stanley increased their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home Depot in a research report on Thursday. Finally, DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $429.33.

Home Depot Stock Performance

Shares of Home Depot stock opened at $362.08 on Monday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market capitalization of $360.41 billion, a P/E ratio of 24.60, a P/E/G ratio of 3.59 and a beta of 1.00. 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 business has a fifty day simple moving average of $393.15 and a two-hundred day simple moving average of $382.00.

Home Depot (NYSE:HD) last issued its quarterly 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 business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the business earned $4.60 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. 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 (DPR) is presently 62.50%.

Home Depot 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.