Tyche Wealth Partners LLC Sells 453 Shares of The Home Depot, Inc. $HD

Tyche Wealth Partners LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,534 shares of the home improvement retailer’s stock after selling 453 shares during the period. Home Depot makes up approximately 1.3% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 18th largest position. Tyche Wealth Partners LLC’s holdings in Home Depot were worth $6,429,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HD. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the second quarter valued at approximately $28,000. Abound Financial LLC bought a new stake in shares of Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its stake in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $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 in the second quarter valued at approximately $40,000. Finally, Compass Financial Services Inc bought a new stake in shares of Home Depot in the first quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HD. Wolfe Research began coverage on Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target for the company. Truist Financial boosted their price target on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $436.40.

Home Depot Stock Down 1.4%

NYSE HD opened at $389.56 on Tuesday. The business has a fifty day moving average price of $402.88 and a two-hundred day moving average price of $376.78. 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 Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market capitalization of $387.76 billion, a PE ratio of 26.46, a PEG ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD) last released its 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). 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 for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the company earned $4.60 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is 62.50%.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company 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.