Sunbeam Capital Management LLC Acquires 657 Shares of The Home Depot, Inc. $HD

Sunbeam Capital Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 46.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,078 shares of the home improvement retailer’s stock after purchasing an additional 657 shares during the quarter. Sunbeam Capital Management LLC’s holdings in Home Depot were worth $762,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HD. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot during the 2nd quarter worth $28,000. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 46 shares during the period. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot during the 2nd quarter worth $40,000. Finally, Compass Financial Services Inc bought a new stake in shares of Home Depot during the 1st quarter worth $41,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wolfe Research started coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective for the company. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Finally, Mizuho increased their price target 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. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $436.40.

Home Depot Price Performance

Shares of Home Depot stock opened at $389.56 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market cap of $387.76 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a fifty day moving average price of $402.88 and a two-hundred day moving average price of $376.78.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 EPS. The company’s quarterly 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. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is currently 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.