WealthBridge Capital Management LLC Acquires 205 Shares of The Home Depot, Inc. $HD

WealthBridge Capital Management LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 16.0% during the second quarter, HoldingsChannel.com reports. The firm owned 1,484 shares of the home improvement retailer’s stock after purchasing an additional 205 shares during the period. WealthBridge Capital Management LLC’s holdings in Home Depot were worth $544,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HD. Mainstay Capital Management LLC ADV acquired a new stake in shares of Home Depot during the 2nd quarter valued at $263,000. WealthPlan Investment Management LLC bought a new position in Home Depot in the second quarter valued at about $1,149,000. Tower View Wealth Management LLC raised its position in Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Home Depot during the first quarter valued at about $3,851,000. Finally, Shell Asset Management Co. grew its holdings in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Telsey Advisory Group dropped their price objective on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday. HSBC decreased their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday. Guggenheim cut their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America reduced their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Argus decreased their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a report on Thursday. Twenty-one investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $410.24.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 2,303 shares of the firm’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 transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Up 3.3%

NYSE:HD opened at $343.22 on Friday. The firm’s fifty day moving average is $385.34 and its 200-day moving average is $381.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The firm has a market cap of $341.64 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion for 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%.Home Depot’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is presently 62.71%.

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.