Gratus Wealth Advisors LLC Decreases Stock Holdings in The Home Depot, Inc. $HD

Gratus Wealth Advisors LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,264 shares of the home improvement retailer’s stock after selling 68 shares during the period. Gratus Wealth Advisors LLC’s holdings in Home Depot were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. purchased a new position in Home Depot during the 2nd quarter worth $28,000. Abound Financial LLC purchased a new stake in Home Depot in the first quarter valued at about $31,000. Iron Horse Wealth Management LLC boosted its holdings in 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 acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot during the second quarter worth about $40,000. Finally, Compass Financial Services Inc acquired a new position in shares of Home Depot during the first quarter valued at about $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. Wolfe Research began coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. DA Davidson reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. reduced their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company lifted their price target on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $436.40.

Home Depot Trading Down 0.0%

Shares of NYSE:HD opened at $394.88 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.34 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. The business has a 50 day moving average of $402.63 and a two-hundred day moving average of $376.51. The company has a market capitalization of $393.06 billion, a PE ratio of 26.83, a PEG ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 analysts’ expectations of $45.43 billion. During the same period last year, the firm earned $4.60 earnings per share. Home Depot’s revenue for the quarter was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by corporate 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.