Parisi Gray Wealth Management Boosts Holdings in The Home Depot, Inc. $HD

Parisi Gray Wealth Management grew its stake in The Home Depot, Inc. (NYSE:HD) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,001 shares of the home improvement retailer’s stock after purchasing an additional 190 shares during the quarter. Home Depot makes up 1.5% of Parisi Gray Wealth Management’s holdings, making the stock its 19th biggest position. Parisi Gray Wealth Management’s holdings in Home Depot were worth $5,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Abound Financial LLC purchased a new stake in Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC boosted its stake in shares of 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 during the last quarter. Compass Financial Services Inc purchased a new stake in shares of Home Depot during the first quarter worth approximately $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the 2nd quarter valued at $41,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD stock opened at $422.88 on Tuesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. 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 stock has a market cap of $420.93 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The business has a fifty day moving average of $391.13 and a two-hundred day moving average of $372.40.

Home Depot (NYSE:HD) last released 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). The business had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Morgan Stanley boosted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wells Fargo & Company upped their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Truist Financial boosted their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $432.52.

Insiders Place Their Bets

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’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 sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward P. Decker sold 32,897 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. Insiders own 0.10% of the company’s stock.

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.