Solidarity Wealth LLC Has $458,000 Holdings in The Home Depot, Inc. $HD

Solidarity Wealth LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 64.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,249 shares of the home improvement retailer’s stock after selling 2,300 shares during the period. Solidarity Wealth LLC’s holdings in Home Depot were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Mainstay Capital Management LLC ADV bought a new stake in Home Depot in the 2nd quarter valued at approximately $263,000. WealthPlan Investment Management LLC bought a new position in shares of Home Depot during the 2nd quarter worth approximately $1,149,000. Tower View Wealth Management LLC raised its holdings in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Home Depot in the first quarter valued at approximately $3,851,000. Finally, Shell Asset Management Co. lifted its position in shares of Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.4%

Shares of NYSE:HD opened at $356.98 on Monday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $436.36. 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 company has a market capitalization of $355.37 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a 50-day simple moving average of $378.59 and a 200 day simple moving average of $380.64.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the company earned $3.78 EPS. Home Depot’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. HSBC reduced their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $362.00 target price on shares of Home Depot in a research report on Monday, November 24th. Telsey Advisory Group dropped their target price on Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Finally, Robert W. Baird decreased their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.60.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.