Drucker Wealth 3.0 LLC Purchases 3,394 Shares of The Home Depot, Inc. $HD

Drucker Wealth 3.0 LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 218.4% during the 2nd quarter, Holdings Channel reports. The firm owned 4,948 shares of the home improvement retailer’s stock after buying an additional 3,394 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Home Depot were worth $1,836,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the 2nd quarter worth about $28,000. Abound Financial LLC bought a new stake in shares of Home Depot in the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC lifted its position in 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 in the last quarter. Global X Japan Co. Ltd. acquired a new position in Home Depot during the 2nd quarter worth about $40,000. Finally, GFG Capital LLC acquired a new position in Home Depot during the 2nd quarter worth about $40,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.5%

HD opened at $375.86 on Friday. 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 company has a market cap of $374.13 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.58 and a beta of 1.00. The firm has a 50 day simple moving average of $403.54 and a 200 day simple moving average of $377.09. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

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 for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho upped their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Robert W. Baird upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Oppenheimer upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $435.42.

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.