Marks Group Wealth Management Inc Has $489,000 Holdings in The Home Depot, Inc. $HD

Marks Group Wealth Management Inc decreased its stake in The Home Depot, Inc. (NYSE:HD) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,334 shares of the home improvement retailer’s stock after selling 103 shares during the period. Marks Group Wealth Management Inc’s holdings in Home Depot were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in Home Depot in the 2nd quarter valued at $28,000. Abound Financial LLC bought a new stake in Home Depot in the first quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its position 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 purchasing an additional 46 shares in the last quarter. Global X Japan Co. Ltd. bought a new position in Home Depot during the second quarter worth about $40,000. Finally, Compass Financial Services Inc bought a new stake in shares of Home Depot in the 1st quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research report on Saturday, September 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. DA Davidson restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Robert W. Baird raised their target price on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company upped their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $436.40.

Home Depot Trading Down 1.4%

Shares of NYSE HD opened at $389.56 on Tuesday. The company’s 50 day simple moving average is $402.88 and its 200 day simple moving average is $376.78. 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 Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market capitalization of $387.76 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share 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 company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the company earned $4.60 EPS. The business’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. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on 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 approximately $18,348,365.30. This 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 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

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.