Bingham Private Wealth LLC Sells 85 Shares of The Home Depot, Inc. $HD

Bingham Private Wealth LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,228 shares of the home improvement retailer’s stock after selling 85 shares during the quarter. Bingham Private Wealth LLC’s holdings in Home Depot were worth $450,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Home Depot by 3.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,197 shares of the home improvement retailer’s stock valued at $1,172,000 after purchasing an additional 102 shares during the period. Wedge Capital Management L L P NC lifted its stake in Home Depot by 4.1% in the 1st quarter. Wedge Capital Management L L P NC now owns 1,698 shares of the home improvement retailer’s stock valued at $622,000 after purchasing an additional 67 shares during the last quarter. 25 LLC lifted its stake in Home Depot by 8.7% in the 1st quarter. 25 LLC now owns 1,281 shares of the home improvement retailer’s stock valued at $470,000 after purchasing an additional 102 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in Home Depot by 1.5% during the first quarter. First Citizens Bank & Trust Co. now owns 59,141 shares of the home improvement retailer’s stock worth $21,675,000 after purchasing an additional 894 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. Robert W. Baird upped their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. DA Davidson reaffirmed a “buy” rating and set a $450.00 price target 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 report on Wednesday, August 20th. Finally, Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.40.

Home Depot Price Performance

Shares of Home Depot stock opened at $389.56 on Tuesday. 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 stock has a market capitalization of $387.76 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a 50-day simple moving average of $402.88 and a two-hundred day simple moving average of $376.78.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the company earned $4.60 EPS. The business’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. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS 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 issued 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 2.4%. Home Depot’s payout ratio is currently 62.50%.

Insider Activity

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company’s stock, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by insiders.

About Home Depot

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.