Providence Financial Advisors LLC Makes New $711,000 Investment in The Home Depot, Inc. $HD

Providence Financial Advisors LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,755 shares of the home improvement retailer’s stock, valued at approximately $711,000. Home Depot makes up about 0.7% of Providence Financial Advisors LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atticus Wealth Management LLC boosted its holdings in Home Depot by 13.6% in the third quarter. Atticus Wealth Management LLC now owns 5,108 shares of the home improvement retailer’s stock worth $2,070,000 after purchasing an additional 611 shares in the last quarter. Phillips Wealth Planners LLC lifted its position in shares of Home Depot by 11.7% in the third quarter. Phillips Wealth Planners LLC now owns 3,691 shares of the home improvement retailer’s stock worth $1,437,000 after buying an additional 388 shares during the last quarter. Smithfield Trust Co boosted its stake in shares of Home Depot by 1.2% during the 3rd quarter. Smithfield Trust Co now owns 9,244 shares of the home improvement retailer’s stock worth $3,749,000 after acquiring an additional 108 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Home Depot by 6.1% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,022 shares of the home improvement retailer’s stock valued at $2,440,000 after acquiring an additional 346 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Home Depot by 4.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 349,904 shares of the home improvement retailer’s stock valued at $141,778,000 after acquiring an additional 14,455 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,963 shares of company stock worth $1,748,845 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.2%

HD stock opened at $391.03 on Monday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The company has a market cap of $389.27 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 13.97 and a beta of 1.08. The business’s 50-day simple moving average is $366.16 and its 200 day simple moving average is $380.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm 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 business posted $3.78 EPS. Home Depot’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts anticipate 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 was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s payout ratio is currently 62.71%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. KGI Securities downgraded Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target on the stock. in a report on Wednesday, November 19th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. HSBC dropped their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. The Goldman Sachs Group reissued a “buy” rating and set a $413.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Finally, Robert W. Baird lowered their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $407.23.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.