Orion Capital Management LLC Sells 80 Shares of The Home Depot, Inc. $HD

Orion Capital Management LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,129 shares of the home improvement retailer’s stock after selling 80 shares during the quarter. Orion Capital Management LLC’s holdings in Home Depot were worth $781,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot during the 2nd quarter worth approximately $28,000. Abound Financial LLC bought a new position in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC increased its stake in 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 worth $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot during the second quarter worth $40,000. Finally, GFG Capital LLC purchased a new stake in shares of Home Depot during the second quarter valued at $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at approximately $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 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HD shares. Truist Financial raised 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. Morgan Stanley raised their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. Finally, Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Price Performance

HD opened at $386.83 on Friday. The firm has a market capitalization of $385.04 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. 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 business’s 50-day moving average is $402.68 and its two-hundred day moving average is $379.51. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 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 firm had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the previous year, the company posted $4.60 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

About Home Depot

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.