Harold Davidson & Associates Inc. Raises Holdings in The Home Depot, Inc. $HD

Harold Davidson & Associates Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,361 shares of the home improvement retailer’s stock after acquiring an additional 179 shares during the quarter. Home Depot accounts for about 2.1% of Harold Davidson & Associates Inc.’s investment portfolio, making the stock its 13th largest holding. Harold Davidson & Associates Inc.’s holdings in Home Depot were worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. CBIZ Investment Advisory Services LLC lifted its holdings in Home Depot by 17.4% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 344 shares of the home improvement retailer’s stock worth $126,000 after buying an additional 51 shares during the period. Modern Wealth Management LLC lifted its holdings in Home Depot by 2.9% in the 1st quarter. Modern Wealth Management LLC now owns 14,537 shares of the home improvement retailer’s stock worth $5,328,000 after buying an additional 409 shares during the period. Jones Financial Companies Lllp lifted its holdings in Home Depot by 32.4% in the 1st quarter. Jones Financial Companies Lllp now owns 117,570 shares of the home improvement retailer’s stock worth $42,176,000 after buying an additional 28,755 shares during the period. Silicon Valley Capital Partners lifted its holdings in Home Depot by 38.3% in the 1st quarter. Silicon Valley Capital Partners now owns 32,812 shares of the home improvement retailer’s stock worth $11,752,000 after buying an additional 9,094 shares during the period. Finally, Strs Ohio purchased a new stake in Home Depot in the 1st quarter worth approximately $134,114,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. TD Securities cut Home Depot to a “buy” rating in a report on Monday, June 2nd. Royal Bank Of Canada dropped their price objective on Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. JPMorgan Chase & Co. dropped their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, Gordon Haskett raised their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $432.52.

Home Depot Stock Up 2.5%

HD stock opened at $423.37 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market cap of $421.42 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 3.92 and a beta of 1.00. The business has a 50 day moving average of $388.99 and a 200 day moving average of $372.26.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 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 firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the firm earned $4.60 EPS. The business’s revenue was up 4.9% on a year-over-year basis. 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 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s payout ratio is presently 62.50%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot 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 owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of Home Depot 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 sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,532 shares of company stock valued at $18,648,987 over the last ninety days. 0.10% of the stock is owned by insiders.

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.