OneAscent Family Office LLC Sells 1,194 Shares of The Home Depot, Inc. $HD

OneAscent Family Office LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 43.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,564 shares of the home improvement retailer’s stock after selling 1,194 shares during the period. OneAscent Family Office LLC’s holdings in Home Depot were worth $573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the 2nd quarter worth about $28,000. Iron Horse Wealth Management LLC increased its position in Home Depot by 86.8% in 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 during the period. Global X Japan Co. Ltd. bought a new position in Home Depot in the 2nd quarter worth approximately $40,000. GFG Capital LLC acquired a new position in shares of Home Depot during the second quarter worth approximately $40,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HD shares. Morgan Stanley boosted 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. DA Davidson restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Wells Fargo & Company upped their price objective 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. Truist Financial lifted their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. cut 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $435.00.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’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 value of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on 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 approximately $18,348,365.30. This represents a 6.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 over the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Down 2.3%

Shares of NYSE HD opened at $374.15 on Thursday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. 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 fifty day moving average of $398.78 and a two-hundred day moving average of $381.19. The stock has a market cap of $372.42 billion, a PE ratio of 25.42, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the business posted $4.60 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is 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.