One Charles Private Wealth Services LLC Grows Stock Holdings in The Home Depot, Inc. $HD

One Charles Private Wealth Services LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 9.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,217 shares of the home improvement retailer’s stock after purchasing an additional 192 shares during the quarter. One Charles Private Wealth Services LLC’s holdings in Home Depot were worth $813,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in shares of Home Depot during the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot in the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the second quarter valued at about $35,000. Global X Japan Co. Ltd. bought a new position in Home Depot in the second quarter worth about $40,000. Finally, GFG Capital LLC purchased a new stake in Home Depot in the second quarter worth about $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

NYSE:HD opened at $336.93 on Tuesday. The company has a market capitalization of $335.37 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.59 and a beta of 1.00. The business’s 50-day moving average is $383.62 and its 200 day moving average is $381.09. 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.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is presently 62.71%.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HD. Guggenheim lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. BNP Paribas Exane lowered their price objective on Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Morgan Stanley dropped their target price on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. UBS Group decreased their price target on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Home Depot in a research report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $409.72.

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.