Summit Wealth & Retirement Planning Inc. Has $1.02 Million Stock Position in The Home Depot, Inc. $HD

Summit Wealth & Retirement Planning Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 81.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,776 shares of the home improvement retailer’s stock after acquiring an additional 1,245 shares during the period. Summit Wealth & Retirement Planning Inc.’s holdings in Home Depot were worth $1,018,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Private Wealth Management LLC raised its position in shares of Home Depot by 5.5% during the second quarter. Quadrant Private Wealth Management LLC now owns 7,873 shares of the home improvement retailer’s stock worth $2,887,000 after purchasing an additional 408 shares during the period. KCM Investment Advisors LLC grew its position in Home Depot by 0.6% in the 2nd quarter. KCM Investment Advisors LLC now owns 138,308 shares of the home improvement retailer’s stock valued at $50,709,000 after purchasing an additional 832 shares during the period. Kinsale Capital Group Inc. increased its stake in Home Depot by 11.7% during the 2nd quarter. Kinsale Capital Group Inc. now owns 27,661 shares of the home improvement retailer’s stock valued at $10,142,000 after purchasing an additional 2,894 shares in the last quarter. Carnegie Lake Advisors LLC raised its holdings in Home Depot by 0.4% during the second quarter. Carnegie Lake Advisors LLC now owns 14,733 shares of the home improvement retailer’s stock worth $5,402,000 after buying an additional 55 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC raised its holdings in Home Depot by 3.6% during the second quarter. Grey Fox Wealth Advisors LLC now owns 1,360 shares of the home improvement retailer’s stock worth $499,000 after buying an additional 47 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the 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 transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Sanford C. Bernstein lifted their price objective on shares of Home Depot from $403.00 to $406.00 and gave the company a “market perform” rating in a report on Friday. Wells Fargo & Company lifted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Wolfe Research started coverage on Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.82.

Home Depot Stock Performance

Shares of HD opened at $370.71 on Friday. The stock has a 50 day moving average of $397.28 and a 200 day moving average of $381.27. The company has a market capitalization of $369.00 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

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 business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. During the same period in the prior year, the firm posted $4.60 EPS. The firm’s revenue for the quarter 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, sell-side analysts forecast 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 $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.5%. Home Depot’s payout ratio is currently 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.