BridgePort Financial Solutions LLC Acquires 252 Shares of The Home Depot, Inc. $HD

BridgePort Financial Solutions LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,237 shares of the home improvement retailer’s stock after buying an additional 252 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in Home Depot were worth $820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Firethorn Wealth Partners LLC increased its holdings in Home Depot by 1.5% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 1,875 shares of the home improvement retailer’s stock valued at $687,000 after buying an additional 28 shares during the period. Talbot Financial LLC increased its holdings in Home Depot by 26.1% in the 2nd quarter. Talbot Financial LLC now owns 48,109 shares of the home improvement retailer’s stock valued at $17,639,000 after buying an additional 9,967 shares during the period. Clarius Group LLC increased its holdings in Home Depot by 21.4% in the 2nd quarter. Clarius Group LLC now owns 9,374 shares of the home improvement retailer’s stock valued at $3,437,000 after buying an additional 1,654 shares during the period. Silvia Mccoll Wealth Management LLC increased its holdings in Home Depot by 3.7% in the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 1,697 shares of the home improvement retailer’s stock valued at $622,000 after buying an additional 60 shares during the period. Finally, Wells Trecaso Financial Group LLC boosted its stake in shares of Home Depot by 1.3% in the 2nd quarter. Wells Trecaso Financial Group LLC now owns 19,667 shares of the home improvement retailer’s stock valued at $7,211,000 after purchasing an additional 259 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.0%

Shares of NYSE HD opened at $394.88 on Friday. The firm’s 50-day simple moving average is $402.63 and its 200 day simple moving average is $376.37. The company has a market cap of $393.06 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00. 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 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly 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 company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s dividend payout ratio is presently 62.50%.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. 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. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HD shares. DA Davidson restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Truist Financial boosted their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Morgan Stanley boosted their target price on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Robert W. Baird boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One investment 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.40.

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.