The Home Depot, Inc. $HD Shares Sold by Madison Wealth Partners Inc

Madison Wealth Partners Inc lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 16.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 971 shares of the home improvement retailer’s stock after selling 185 shares during the period. Madison Wealth Partners Inc’s holdings in Home Depot were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Legend Financial Advisors Inc. acquired a new stake in Home Depot during the 2nd quarter worth $28,000. Abound Financial LLC acquired a new stake in Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Home Depot by 86.8% during 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 during the period. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the 2nd quarter worth $40,000. Finally, GFG Capital LLC acquired a new stake in shares of Home Depot in the 2nd quarter worth $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Mizuho boosted their price target on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. DA Davidson reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Finally, Oppenheimer lifted their price target on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research note on Thursday, September 25th. 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 stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last quarter. 0.10% of the stock is owned by insiders.

Home Depot Trading Up 1.1%

Home Depot stock opened at $391.79 on Monday. The stock has a market cap of $389.98 billion, a PE ratio of 26.62, a P/E/G ratio of 3.72 and a beta of 1.00. 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 stock has a 50-day moving average price of $403.70 and a 200 day moving average price of $378.12. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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). The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot’s payout ratio is presently 62.50%.

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.