The Home Depot, Inc. $HD Shares Acquired by Centurion Wealth Management LLC

Centurion Wealth Management LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 15.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,771 shares of the home improvement retailer’s stock after purchasing an additional 232 shares during the period. Centurion Wealth Management LLC’s holdings in Home Depot were worth $649,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HD. TruWealth Advisors LLC boosted its stake in Home Depot by 2.0% in the second quarter. TruWealth Advisors LLC now owns 6,819 shares of the home improvement retailer’s stock valued at $2,500,000 after acquiring an additional 131 shares during the period. RB Capital Management LLC boosted its stake in Home Depot by 1.7% in the second quarter. RB Capital Management LLC now owns 9,480 shares of the home improvement retailer’s stock valued at $3,476,000 after acquiring an additional 154 shares during the period. RDA Financial Network boosted its stake in Home Depot by 7.8% in the second quarter. RDA Financial Network now owns 5,589 shares of the home improvement retailer’s stock valued at $2,049,000 after acquiring an additional 406 shares during the period. Arvest Investments Inc. acquired a new position in Home Depot in the second quarter valued at approximately $1,196,000. Finally, Collective Family Office LLC boosted its stake in Home Depot by 2.0% in the second quarter. Collective Family Office LLC now owns 1,873 shares of the home improvement retailer’s stock valued at $687,000 after acquiring an additional 37 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction that occurred 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 approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s 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 sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. Mizuho lifted their price target on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an “outperform” rating in a report on Thursday, May 22nd. Stifel Nicolaus lifted their price target on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 18th. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company lifted their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Trading Down 0.0%

Home Depot stock opened at $423.33 on Friday. The company’s fifty day simple moving average is $390.03 and its 200-day simple moving average is $372.34. 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 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market cap of $421.38 billion, a P/E ratio of 28.76, a P/E/G ratio of 4.01 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

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.