Wealth Architects LLC Sells 62 Shares of The Home Depot, Inc. $HD

Wealth Architects LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,567 shares of the home improvement retailer’s stock after selling 62 shares during the quarter. Wealth Architects LLC’s holdings in Home Depot were worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of Home Depot in the second quarter worth about $28,000. Abound Financial LLC bought a new position in shares of Home Depot in the first quarter worth about $31,000. Iron Horse Wealth Management LLC raised its stake in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. bought a new stake in Home Depot during the 2nd quarter valued at approximately $40,000. Finally, GFG Capital LLC bought a new stake in Home Depot during the 2nd quarter valued at approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

NYSE HD opened at $379.36 on Tuesday. The stock has a market capitalization of $377.61 billion, a PE ratio of 25.77, a P/E/G ratio of 3.57 and a beta of 1.00. The business has a 50 day simple moving average of $403.51 and a two-hundred day simple moving average of $377.45. 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 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion during 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%.Home Depot’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Mizuho lifted their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus lifted their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. DA Davidson reissued a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. decreased their target price on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $435.42.

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.