Edge Financial Advisors LLC Has $345,000 Stock Holdings in The Home Depot, Inc. $HD

Edge Financial Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 24.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 934 shares of the home improvement retailer’s stock after buying an additional 182 shares during the quarter. Edge Financial Advisors LLC’s holdings in Home Depot were worth $345,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Leo Wealth LLC lifted its position in Home Depot by 167.3% during the second quarter. Leo Wealth LLC now owns 6,847 shares of the home improvement retailer’s stock worth $2,504,000 after acquiring an additional 4,285 shares during the last quarter. MSH Capital Advisors LLC lifted its holdings in Home Depot by 152.0% during the 2nd quarter. MSH Capital Advisors LLC now owns 4,083 shares of the home improvement retailer’s stock worth $1,497,000 after purchasing an additional 2,463 shares during the last quarter. Lokken Investment Group LLC lifted its holdings in Home Depot by 4.8% during the 2nd quarter. Lokken Investment Group LLC now owns 1,252 shares of the home improvement retailer’s stock worth $459,000 after purchasing an additional 57 shares during the last quarter. Wealth Advisors Northwest LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $240,000. Finally, Copperwynd Financial LLC lifted its holdings in Home Depot by 9.2% during the 2nd quarter. Copperwynd Financial LLC now owns 3,707 shares of the home improvement retailer’s stock worth $1,359,000 after purchasing an additional 312 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 1.6%

Shares of HD opened at $377.66 on Friday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market cap of $375.92 billion, a P/E ratio of 25.66, a P/E/G ratio of 3.64 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a 50 day simple moving average of $403.50 and a two-hundred day simple moving average of $376.99.

Home Depot (NYSE:HD) last announced 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 firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the firm earned $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. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS 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 paid a dividend of $2.30 per share. 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 presently 62.50%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Wolfe Research started coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.