Intrua Financial LLC Acquires 854 Shares of The Home Depot, Inc. $HD

Intrua Financial LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 103.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,681 shares of the home improvement retailer’s stock after purchasing an additional 854 shares during the quarter. Intrua Financial LLC’s holdings in Home Depot were worth $616,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC boosted its stake in shares of Home Depot by 8.4% in the 2nd quarter. Clearstead Trust LLC now owns 7,087 shares of the home improvement retailer’s stock valued at $2,598,000 after purchasing an additional 552 shares in the last quarter. Arvest Bank Trust Division lifted its stake in Home Depot by 1,930.8% in the 2nd quarter. Arvest Bank Trust Division now owns 29,833 shares of the home improvement retailer’s stock valued at $10,938,000 after purchasing an additional 28,364 shares during the last quarter. Fiera Capital Corp boosted its position in Home Depot by 19.1% in the second quarter. Fiera Capital Corp now owns 23,379 shares of the home improvement retailer’s stock valued at $8,572,000 after buying an additional 3,754 shares in the last quarter. Allianz SE grew its stake in shares of Home Depot by 9.8% during the second quarter. Allianz SE now owns 38,075 shares of the home improvement retailer’s stock worth $13,960,000 after buying an additional 3,394 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. grew its stake in shares of Home Depot by 17.5% during the second quarter. W.H. Cornerstone Investments Inc. now owns 2,514 shares of the home improvement retailer’s stock worth $922,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction on 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 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $362.08 on Friday. The company has a market capitalization of $360.41 billion, a PE ratio of 24.60, a P/E/G ratio of 3.59 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 twelve month low of $326.31 and a twelve month high of $439.37. The firm has a fifty day simple moving average of $393.15 and a 200 day simple moving average of $381.69.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $45.43 billion. During the same period last year, the company posted $4.60 EPS. The business’s revenue 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. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current 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 issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is presently 62.50%.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Morgan Stanley raised their price objective on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Oppenheimer boosted their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Home Depot in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $429.33.

Home Depot Company 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.