GW Henssler & Associates Ltd. Buys 740 Shares of The Home Depot, Inc. $HD

GW Henssler & Associates Ltd. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,949 shares of the home improvement retailer’s stock after purchasing an additional 740 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Home Depot were worth $11,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HD. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter worth approximately $28,000. Abound Financial LLC purchased a new position in shares of Home Depot during the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC raised its stake 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 acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot during the second quarter worth approximately $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot during the second quarter worth approximately $40,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.5%

Shares of NYSE HD opened at $375.86 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm’s fifty day moving average is $403.54 and its 200 day moving average is $377.30. The company has a market cap of $374.13 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.57 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued 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). The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on HD shares. Truist Financial lifted their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Robert W. Baird lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Wolfe Research initiated coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.42.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’s 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 transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is 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.