Ables Iannone Moore & Associates Inc. Has $5.43 Million Stake in The Home Depot, Inc. $HD

Ables Iannone Moore & Associates Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 2.4% during the 2nd quarter, Holdings Channel reports. The fund owned 14,804 shares of the home improvement retailer’s stock after buying an additional 340 shares during the period. Home Depot comprises 3.4% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 9th biggest holding. Ables Iannone Moore & Associates Inc.’s holdings in Home Depot were worth $5,428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Abound Financial LLC bought a new position in shares of Home Depot in the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Home Depot by 86.8% in the first 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 in the last quarter. Compass Financial Services Inc purchased a new position in Home Depot during the first quarter valued at $41,000. Quest 10 Wealth Builders Inc. grew its stake in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after acquiring an additional 30 shares in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new position in Home Depot during the fourth quarter valued at $45,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Gordon Haskett raised their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Price Performance

Home Depot stock opened at $423.33 on Friday. The company has a market cap of $421.38 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 4.01 and a beta of 1.00. The firm’s fifty day moving average is $390.03 and its 200 day moving average is $372.34. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is 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.