Clear Creek Financial Management LLC Increases Stock Holdings in The Home Depot, Inc. $HD

Clear Creek Financial Management LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 4.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,327 shares of the home improvement retailer’s stock after acquiring an additional 282 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Home Depot were worth $2,320,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Narwhal Capital Management raised its position in shares of Home Depot by 12.8% in the 2nd quarter. Narwhal Capital Management now owns 66,967 shares of the home improvement retailer’s stock valued at $24,553,000 after purchasing an additional 7,603 shares during the last quarter. Ignite Planners LLC grew its position in Home Depot by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 6,526 shares of the home improvement retailer’s stock worth $2,346,000 after purchasing an additional 47 shares during the last quarter. Morton Capital Management LLC CA increased its stake in Home Depot by 9.2% during the 2nd quarter. Morton Capital Management LLC CA now owns 3,848 shares of the home improvement retailer’s stock valued at $1,411,000 after purchasing an additional 323 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Home Depot by 0.8% in the second quarter. Valmark Advisers Inc. now owns 11,869 shares of the home improvement retailer’s stock worth $4,352,000 after buying an additional 92 shares during the last quarter. Finally, Hall Capital Management Co. Inc. lifted its stake in shares of Home Depot by 0.4% during the second quarter. Hall Capital Management Co. Inc. now owns 8,933 shares of the home improvement retailer’s stock worth $3,275,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $383.84 on Thursday. The company’s fifty day moving average price is $403.30 and its 200 day moving average price is $376.89. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market capitalization of $382.07 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period in the previous year, the business posted $4.60 earnings per share. The firm’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. On average, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $435.42.

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.