Obermeyer Wealth Partners Has $32.65 Million Stock Position in The Home Depot, Inc. $HD

Obermeyer Wealth Partners cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,047 shares of the home improvement retailer’s stock after selling 339 shares during the quarter. Home Depot comprises about 1.6% of Obermeyer Wealth Partners’ holdings, making the stock its 22nd largest position. Obermeyer Wealth Partners’ holdings in Home Depot were worth $32,648,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Home Depot by 13.0% in the first quarter. Impax Asset Management Group plc now owns 11,306 shares of the home improvement retailer’s stock worth $4,144,000 after purchasing an additional 1,301 shares during the period. Vickerman Investment Advisors Inc. grew its holdings in Home Depot by 5.6% in the first quarter. Vickerman Investment Advisors Inc. now owns 6,570 shares of the home improvement retailer’s stock worth $2,408,000 after purchasing an additional 351 shares during the period. McGlone Suttner Wealth Management Inc. increased its stake in Home Depot by 9.3% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 4,606 shares of the home improvement retailer’s stock valued at $1,688,000 after purchasing an additional 391 shares in the last quarter. Finally, Argentarii LLC grew its stake in shares of Home Depot by 3.0% in the first quarter. Argentarii LLC now owns 6,907 shares of the home improvement retailer’s stock worth $2,532,000 after acquiring an additional 201 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HD shares. Wolfe Research began coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Morgan Stanley upped their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wells Fargo & Company increased their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $434.35.

Home Depot Stock Performance

Shares of Home Depot stock opened at $379.75 on Monday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market cap of $378.00 billion, a PE ratio of 25.80, a P/E/G ratio of 3.59 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. The business has a 50-day simple moving average of $400.57 and a 200-day simple moving average of $380.88.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $45.43 billion. During the same quarter in the prior year, the firm posted $4.60 EPS. Home Depot’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. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. 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 dividend payout ratio (DPR) is presently 62.50%.

Home Depot 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.