Castle Rock Wealth Management LLC Sells 360 Shares of The Home Depot, Inc. $HD

Castle Rock Wealth Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,466 shares of the home improvement retailer’s stock after selling 360 shares during the period. Castle Rock Wealth Management LLC’s holdings in Home Depot were worth $2,728,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HD. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the second quarter valued at about $28,000. Abound Financial LLC purchased a new stake in shares of Home Depot during the first quarter worth about $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot during the second quarter worth about $40,000. Finally, Compass Financial Services Inc purchased a new stake in shares of Home Depot during the first quarter worth about $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred 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 trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president owned 24,235 shares of the company’s stock, 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. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. DA Davidson reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Oppenheimer increased their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Price Performance

HD stock opened at $383.84 on Thursday. The firm has a 50 day moving average price of $403.30 and a 200-day moving average price of $376.89. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The firm has a market capitalization of $382.07 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 3.67 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the previous year, the business posted $4.60 earnings per share. Home Depot’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 research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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.