TriaGen Wealth Management LLC Boosts Holdings in The Home Depot, Inc. $HD

TriaGen Wealth Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,420 shares of the home improvement retailer’s stock after buying an additional 415 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Home Depot were worth $887,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV raised its position in Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Nuveen LLC purchased a new position in shares of Home Depot during the 1st quarter worth $2,076,592,000. Valeo Financial Advisors LLC increased its position in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after buying an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Home Depot in the second quarter valued at about $418,486,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. 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 research note on Wednesday, August 20th. Oppenheimer increased their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. cut their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Wells Fargo & Company upped their price target on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $436.40.

Home Depot Stock Down 1.4%

Shares of NYSE HD opened at $389.56 on Tuesday. The stock has a market cap of $387.76 billion, a P/E ratio of 26.46, a PEG ratio of 3.75 and a beta of 1.00. The business’s fifty day simple moving average is $402.88 and its 200-day simple moving average is $376.78. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month 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.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities 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. Investors of record on Thursday, September 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last ninety days. 0.10% of the stock is currently owned by corporate 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.