The Home Depot, Inc. $HD Shares Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,653 shares of the home improvement retailer’s stock after acquiring an additional 62 shares during the period. Home Depot accounts for 1.9% of RBA Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. RBA Wealth Management LLC’s holdings in Home Depot were worth $5,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virginia Wealth Management Group Inc. lifted its holdings in shares of Home Depot by 6.3% during the second quarter. Virginia Wealth Management Group Inc. now owns 6,082 shares of the home improvement retailer’s stock valued at $2,230,000 after acquiring an additional 359 shares during the period. Tiller Private Wealth Inc. lifted its position in shares of Home Depot by 8.4% during the 2nd quarter. Tiller Private Wealth Inc. now owns 934 shares of the home improvement retailer’s stock worth $343,000 after buying an additional 72 shares during the last quarter. Chatham Capital Group Inc. raised its position in shares of Home Depot by 4.2% during the second quarter. Chatham Capital Group Inc. now owns 14,475 shares of the home improvement retailer’s stock worth $5,307,000 after acquiring an additional 589 shares during the last quarter. Blossom Wealth Management lifted its holdings in shares of Home Depot by 1.9% in the second quarter. Blossom Wealth Management now owns 2,164 shares of the home improvement retailer’s stock valued at $793,000 after purchasing an additional 41 shares in the last quarter. Finally, KG&L Capital Management LLC raised its stake in shares of Home Depot by 3.5% in the second quarter. KG&L Capital Management LLC now owns 8,455 shares of the home improvement retailer’s stock valued at $3,100,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.7%

Shares of HD stock opened at $410.16 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 firm’s fifty day simple moving average is $399.85 and its 200 day simple moving average is $374.68. The firm has a market capitalization of $408.27 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 3.89 and a beta of 1.00.

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 analysts’ consensus estimates of $4.69 by ($0.01). The business 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 firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current 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. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot’s dividend payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s 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 completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on HD. Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. TD Securities lowered shares of Home Depot to a “buy” rating in a report on Monday, June 2nd. Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Oppenheimer increased their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Mizuho increased their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $436.40.

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.